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World

IN APRIL OR MAY 18. 06. 2020.   >>  19:52 0

IN APRIL OR MAY

More than 600,000 people lost their jobs in Britain

The number of workers on UK payrolls dived more than 600,000 between March and May, official figures suggest.

The jobless rate unexpectedly held at 3.9% over the three months to April - despite a record slump in overall economic output during that period - as firms turned to the government’s job retention scheme to keep employees on their books.

Economists polled by Reuters had mostly expected a rise in the unemployment rate to 4.7%.

Meanwhile, the number of people claiming work-related benefits - which includes the unemployed - was up 126% to 2.8 million.

The early estimates reflect the impact of around six weeks of lockdown in which large parts of the UK were shut.

But economists say the full effect on employment will not be felt until wage support schemes end in October.

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