UK Payrolls Above Pre-Pandemic Level and Job Vacancies steepen

UK Payrolls Above Pre-Pandemic Level and Job Vacancies steepen

The Office for National Statistics said that payroll numbers rose by 241,000 between July and August to 29.1 million. The total is now 1,000 higher than it was the month before the pandemic struck in March 2020.

U.K. government figures show that the number of people on payroll in Britain has soared back to levels last seen before the coronavirus pandemic struck a year and a half ago. The new statistics released Tuesday are the latest clear signal that the lifting of lockdown restrictions has prompted businesses to ramp up hiring. There is unease as to what will happen to the labor market over the coming months as the British government’s salary support program comes to an end.

The statistics agency also said that vacancy numbers increased by 249,000 in the three months to August to more than 1 million for the first time since records began in 2001 amid labor shortages in industries such as accommodation and food services that are partly related to the pandemic but also because of Britain’s departure from the European Union.

It also found that the the overall rate of unemployment dropped by 0.3 percentage point in July to 4.6% while the employment rate ticked up by 0.5 percentage point to 75.2%.

Overall, the figures point to the positive impact of the lifting of restrictions over the past few months and the rebound in confidence following the rapid rollout of coronavirus vaccines across the U.K.

National statistician Jonathan Athow cautioned that the jobs recovery isn’t even and that “in hard-hit areas such as London, and sectors such as hospitality and arts and leisure, the numbers of workers remain well down on pre-pandemic levels.”

There’s also unease as to what will happen in the labor market over the coming months as the government’s salary support program, which has kept a lid on unemployment during the pandemic, comes to an end.

The Coronavirus Job Retention Scheme, which is set to end at the end of September, saw the government pay 80% of the salaries of those workers unable to work because of lockdown measures. The program helped support around 12 million people at its height. But the number has been falling as lockdown restrictions were lifted and now stands at around 1.6 million.

“With the furlough scheme ending in little over two weeks’ time, we should expect a fresh rise in unemployment this autumn, particularly among furloughed staff that aren’t able to return to their previous jobs,” said Nye Cominetti, senior economist at the Resolution Foundation think tank. Unions are urging the government to come up with new support, particularly for sectors like aviation which are still struggling in the face of restrictions.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Carmaker Stellantis Mislays Former FCA CEO Manley
Carmaker Stellantis Mislays Former FCA CEO Manley
Stellantis announced Tuesday that Manley, 57, was leaving to become CEO of the largest dealership network in the United States, AutoNation Inc., based in ...
Is Dying Light 2 going to be available on Xbox Game Pass?
Is Dying Light 2 going to be available on Xbox Game Pass?
For this reason, you may want to know if you can play it on day one for cheap on Xbox Game Pass. Here’s everything you should know about it. Dying Light 2 ...
Booster Dose of Its COVID Shot Instants Strong Response
Booster Dose of Its COVID Shot Instants Strong Response
“A booster dose of the Johnson & Johnson COVID-19 vaccine further increases antibody responses among study participants who had previously received our ...
A photo of the “iPhone 13” packaging has surfaced, verifying the name
A photo of the “iPhone 13” packaging has surfaced, verifying the name
Although DuanRui emphasizes that he doesn’t “have first-hand information,” the photo seems to cement the prevailing rumors that Apple’s newest flagship ...
Application Period Disclose for Detroit Business Grant Program
Application Period Disclose for Detroit Business Grant Program
Organizers say Motor City Match works to help build retail density throughout the city. Business owners apply quarterly for financial and technical ...
One of Android 11’s finest features is making its way to billions of earlier Android devices
One of Android 11’s finest features is making its way to billions of earlier Android devices
Google is quite keen on this undoubtedly beneficial feature that’s upping the privacy and security on Android as it will be gradually rolling it out to ...
In India, the Realme XT will receive an Android 11-based Realme UI 2.0 update with three dark modes, tone tones, app lock, and more
In India, the Realme XT will receive an Android 11-based Realme UI 2.0 update with three dark modes, tone tones, app lock, and more
Realme UI 2.0 update for Realme XT: Changelog The update for Realme XT was announced via a community blog post. As per the changelog, Realme UI 2.0 will ...
On September 21, Pappas and ABC 7 Chicago will hold the fourth “Black and Latino Houses Matter” Phone Bank
On September 21, Pappas and ABC 7 Chicago will hold the fourth “Black and Latino Houses Matter” Phone Bank
“I am grateful to ABC 7 for teaming up with me again during the Hispanic Heritage Month after we found almost $17 million owed to taxpayers since March,” ...
Montana Reports 1,181 New COVID-19 Cases (September 21, 2021)
Montana Reports 1,181 New COVID-19 Cases (September 21, 2021)
There have been 142,513 cumulative cases of COVID in Montana. The cumulative number of recoveries is now 130,636. There have been 12,044 COVID tests ...
East Longmeadow Company Calls for Help to Identify Shop Vandal |  News
East Longmeadow Company Calls for Help to Identify Shop Vandal | News
“It’s a shame we’ve been here since 1962, we’ve never had malicious damage once in a while we’d have a license plate stolen or something but it’s very strange ...
Show next
Compsmag - Latest News from tech, business and health
Logo