CBI December labour update - CNA International

LABOUR MARKET DECLINES FURTHER, WITH UNEMPLOYMENT
AND REDUNDANCIES RISING SHARPLY

The latest ONS data covers the period between August and October 2020, providing a snapshot of labour market activity during a period of more relaxed restrictions, ahead of England entering a second national lockdown, and greater flexibility within the Job Retention Scheme, albeit on less generous terms for business. The latest data shows a significant decrease in employment, another rise in unemployment and a sharp increase in redundancies.

 

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