Hospitality sector: Third of jobs lost since February

Wednesday, December 16, 2020

The ONS highlighted that the biggest decline in pay occurred at the start of the deadly covid crisis, with UK layoffs soaring by a record 370.000 in the three months to October, despite an easing by the final month of the period.

In Britain, the number of layoffs rose 217.000 in the three months ending in October quarter on quarter, reaching a record amount of 370.000.

Britain's payrolls fell slightly last month - falling by 819.000 between February and November because of the impact of the coronavirus pandemic, according to the Office for National Statistics.

In this period the employment rate declined by 0.5% on three months before, compared with a rise of 0.7% in unemployment.

Official figures show that more people were laid off between August and October than any time in living memory since the Coronavirus pandemic added to the downturn in the labour market.