In The united KINGDOM, applications for unemployment insurance rose at a record pace in April, in the lockdown to contain the spread of feline corona virusor Covid of 19 years, has taken its toll on the labour market the data of the National Statistics Office showed Tuesday.
The number of applications for unemployment insurance rose to a record 856,500-to-hit-2.096 million in the month of April. The claimant count rate rose to a seasonally adjusted 5.8 per cent, from 3.5% a month earlier.
The increase has been limited by the government, the corona virus, the Job retention Plan, which is currently paying the salaries of about 7.5 million people.
Depending on the age of the plan, the government will pay 80% of salaries, or the workers are put on temporary leave of absence by the employer. These furloughed workers are counted as employees.
Figures published by HM Treasury later on Tuesday revealed that 8 million jobs have been furloughed, with the GBP 11.1 billion of receivables in the framework of the RCSR.
Even if the data request is not a perfect guide for the unemployed, and more than two million dollars, the cumulative amount of statements in recent weeks, potentially points to an unemployment rate as high as 9 percent, which, if it materialized, would be above-the-worst-since-the-financial-crisis-James Smith, an economist with ING, said.
The ILO unemployment rate came in at 3.9% in the three months to March, well below their forecasts, or 4.4%.
The ONS said the unemployment rate was 0.1 percentage points higher than a year earlier and 0.1 percentage points more than in the previous quarter.
The number of unemployed has increased by 50,000 from last year, to $ 1.35 million in the three months to March.
At the same time, the employment rate has reached a joint-record, or 76.6 per cent, which was 0.6 percentage points higher than a year earlier.
The last labour force survey estimates for the January to March period, remained almost unaffected by the effects of the corona virus, the ONS said.
The Data showed that the average of the compensation, including bonuses, rose 2.4 percent last year, slower than forecast of 2.6 per cent. Excluding bonuses, average earnings advanced by 2.7% per year, slightly higher than the forecast, or 2.6 per cent.
In the case of a three-month lockdown scenario, the Office of Budget Responsibility forecasts, the unemployment rate reaching 10.0% in the second quarter or to the year 2020, before gradually easing to just below 6% by the end of 2021.
From January to April, there were approximately 637,000 job vacancies, down from 170 000 compared to the previous quarter. This was the largest quarterly decrease in the vacancies in the total since the current time series began in 2001.
This is the case, the data of the united states have shown that labour productivity decreased in the first quarter due to the impact of the policy of the government to restrict the corona virus from spreading.
Output per hour, decreased 1.1 percent sequentially, in contrast to a growth of 0.3 percent in the fourth quarter. At the same time, the decline in production per worker, in-depth, up 2.6% from 0.5%.
On an annual basis, output per hour, was down 0.4%, and the production per worker decreased 2.9 percent in the first quarter.
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