Understand the key findings from the latest ONS labour market overview, covering employment-related statistics such as employment, unemployment, economic inactivity for the UK as well as experimental PAYE and Claimant Count data.
Highlights from this month’s Labour market update include:
- The latest ONS data covers the period between August and October 2020, providing a snapshot of labour market activity during a period of more relaxed restrictions, ahead of England entering a second national lockdown, and greater flexibility within the Job Retention Scheme, albeit on less generous terms for business. The latest data shows a significant decrease in employment, another rise in unemployment and a sharp increase in redundancies. The recent extensions of the Job Retention Scheme until March and increased support through Universal Credit are important steps that recognise this difficult reality, at a time when businesses across the country are operating under tough restrictions.
- Real time Pay-As-You-Earn data shows that