The number of people in work in the UK fell by 12,000 on quarter to 32.98 million in the three months to July of 2020, compared to forecasts of a 125 thousand fall. Still, it marks the 3rd straight decrease, bringing the total to 358 thousand job losses since the coronavirus pandemic started although the government’s furlough scheme, under which it subsidizes wages, prevented further job cuts. Men in employment increased by 22,000, while women in employment decreased by 34,000. The small quarterly decrease in employment was the result of large decreases in employment for young and older workers (people aged 16 to 24 years and those aged 65 years and over), the self-employed and part-time workers being almost completely offset by increases in employment for workers aged 25 to 64 years and full-time employees.
Employment Change in the United Kingdom averaged 42.55 Thousand from 1971 until 2020, reaching an all time high of 311 Thousand in March of 2014 and a record low of -279 Thousand in May of 2009. This page provides - United Kingdom Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Employment Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Office for National Statistics
Employment Change in the United Kingdom is expected to be -20.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in the United Kingdom to stand at 36.00 in 12 months time. In the long-term, the United Kingdom Employment Change is projected to trend around 50.00 Thousand in 2021 and 30.00 Thousand in 2022, according to our econometric models.