Early estimates for October 2020 suggest that there is a slight drop over the month in the number of payroll employees in the UK. Since March 2020, the number of payroll employees has fallen by 782,000; however, the larger falls were seen at the start of the coronavirus (COVID-19) pandemic. Data from our Labour Force Survey (LFS) shows the employment rate has been decreasing since the start of the coronavirus pandemic, while the unemployment rate is now rising sharply. Redundancies have reached a record high in the most recent period, and total hours worked, while still low, show signs of recovery. The number of … (full story)
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