Labour market analysis | October 2020


13 10 2020


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Stephen Evans, Chief Executive of Learning and Work Institute
The impact of the crisis is becoming clearer. Employment is down 482,000 since the start of the crisis, with revisions bringing it more in line with payroll data. Adding to the sense of a gathering storm, there are 3.5 million people out of work but wanting a job and redundancies rose by a record 114,000 last quarter. The partial reopening of the economy and the furlough scheme helped to support employment over the summer. But with around two million people still furloughed and economic restrictions tightening in many parts of the country, a long winter lies ahead. The Winter Economy Plan will help, but we need more ambitious support for jobs, incomes and retraining.

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This briefing sets out analysis of ONS labour market statistics released on the morning of 13 October 2020.