730 Thousand People Lost Their Jobs in England

730 Thousand People Lost Their Jobs in England

730 thousand people lost their jobs in England. This loss due to the coronavirus epidemic is expected to increase further in the future. According to the statement made by the British Office of National Statistics (ONS), it was stated that unemployment, which was recorded as 3.9 percent in June, maintained the previous month's level. Economists' estimates were that unemployment in the country was 4.2 percent in June. The British Office of National Statistics (ONS) also reported that approximately 730 thousand people were removed from companies' payrolls, according to the data in the UK for the months of March, April, May and June. Accordingly, approximately 730 thousand people have lost their jobs during the quarantine period in England. According to statistics, 114 thousand people lost their jobs in the country in June. Unemployment is Expected to Increase Even More The fact that these layoffs have not yet been reflected in official unemployment data in the country is due to the government's paid leave plan, which is planned to continue by the end of October. The British government announced that 80 percent of the salary payments to those who are unable to work in the UK due to the epidemic will be covered up to 2,500 pounds. Economists, on the other hand, predict that unemployment will increase significantly with the end of the said paid leave program in October. Approximately 9.4 million people in the country benefit from paid leave program.