UPDATE 1-Pace of decline in UK jobs market slowed in June – ONS – Reuters

LONDON (Reuters) – Fewer British workers lost their jobs in June and there were other signs that the hit to the labour market had eased off since the onset of the coronavirus crisis, but economists said unemployment remained on course to jump. FILE PHOTO: Workers wearing face-masks walk past an information board on social distancing…

UPDATE 1-Pace of decline in UK jobs market slowed in June – ONS – Reuters

LONDON (Reuters) – Fewer British workers lost their jobs in June and there were other signs that the hit to the labour market had eased off since the onset of the coronavirus crisis, but economists said unemployment remained on course to jump. FILE PHOTO: Workers wearing face-masks walk past an information board on social distancing as they travel through the Waterloo Station during the morning rush hour following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 6, 2020. REUTERS/Toby MelvilleThe number of employees on company payrolls slumped by 649,000 between March and June, despite the government’s huge job retention plan that has protected more than 9 million jobs. However, June’s drop of just over 74,000 was much smaller than April’s 450,000 tumble and was smaller than the fall in May too, the Office for National Statistics said. The unemployment rate unexpectedly held at 3.9% in the three months to May. It would have risen were it not for half a million people who were away from work and receiving no pay – but who said they believed they still had a job, and thus count as employed according to international guidelines. A rise in people who were not looking for work also pus
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