UK jobless claims jump to highest level in 14 years

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UK jobless claims jump to highest level in 14 years
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April's unemployment figures sees a 69% increase from March. FMTNews UK Jobless Unemployment

LONDON: The number of people claiming unemployment benefits in Britain leapt in April to its highest level in nearly 24 years, giving the clearest sign yet of the hit from the coronavirus to jobs which is set to deepen in the coming months.

April’s surge would have been even sharper without an emergency government programme to pay 80% of the wages of 8 million employees – or about one in four workers – put on temporary leave, who are not counted as unemployed. “While only covering the first weeks of restrictions, our figures show Covid-19 is having a major impact on the labour market,” Jonathan Athow, deputy national statistician at the Office for National Statistics, said.

“Many companies will still be in the middle of a cashflow crisis,” he said. “Government faces an onerous task in winding down the scheme without causing too much pain.”Vacancies fell by the most on record in the February-April period with hospitality job openings dropping the most.

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