News – UK – The Covid pandemic has more than 700000 people made unemployed with 60% under 25-year-olds

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A total of 726000 jobs have been lost However, the latest unemployment figures from the Office of National Statistics show the number of unemployed people compared to job seekers it is finally balanced

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The number of employees in the UK rose 83 last month despite ongoing national lockdown restrictions000

However, since the pandemic began in February 2020, there have been 726000 jobs have been lost, said the Office for National Statistics (ONS) on Tuesday with

Jonathan Athow, assistant national statistician at ONS, said the vast majority of job losses were in the under 25 age group

However, he said wage growth was at its highest level since 2008 Last month there were 86000 more people hired, showing signs of a market recovery

Average weekly earnings increased 47% annually for the three months ended December

However, the official unemployment rate rose to 51% in the three months to December from 5%

Athow said: “The latest monthly tax figures show preliminary early signs of a stabilization in the labor market, with the number of workers paid through payroll up slightly in recent months – though still over 700000 fewer people are employed than before the start of the coronavirus pandemic

“Almost three fifths of this decline in employees since the outbreak of the pandemic has come from those under the age of 25 This is evident from a new age breakdown we’re releasing for the first time today

“Our survey shows that the unemployment rate has seen the largest annual increase since the financial crisis

“However, the proportion of people who are neither working nor looking for a job has stabilized after rising sharply at the beginning of the pandemic Many people who lost their jobs early on have now started looking for work””

Workers became concerned about their jobs after the Prime Minister announced on Dec. April non-essential businesses to reopen live music and live sports venues, however, are among those that will open at least until April 21 June stay on hold

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It is feared that many may be left without an income as the vacation program on Sept. April should be closed

TUC Secretary General Frances O’Grady said it could take a few months for workers to know if they still have a job

“The government needs to stop shaking and delaying and extending the full vacation program for at least the remainder of 2021, and it urgently needs to support the self-employed

“With jobs and livelihoods in balance, there is no need to keep workers and companies waiting

“We need a plan to support the parts of the economy hardest hit by repeated lockdowns, such as the hospitality, retail, aviation and creative industries

Unison general secretary Christina McAnea said taking a cautious approach is the right way to get the country moving again and limit the spread of viruses

“It is clear that the restrictions were relaxed too quickly last time and that there can be no repeat errors

“By ensuring that employees are encouraged by their employers to receive the vaccine, and wages are paid in full when they need to be isolated, ministers can further reduce infection rates”

Chancellor Rishi Sunak said an update on job support will be announced in next week’s budget

“I know how incredibly tough the past year has been for everyone, and every job lost is a personal tragedy

“That is why during the crisis I focused on doing everything I can to protect jobs and livelihoods

“In next week’s budget, I will outline the next phase of our employment plan and the support we will provide through the remainder of the pandemic and our recovery”

Unemployment, UK Unemployment, Coronavirus, Rishi Sunak

News – UK – The Covid pandemic has more than 700000 people made unemployed with 60% under 25-year-olds

Source: https://www.mirror.co.uk/money/breaking-covid-pandemic-left-700000-23547920