Almost 650,000 people in Britain lost their jobs in the past 3 months, and job vacancies hit all-time low
New data showed that nearly 650,000 Britons lost their jobs over the past three months.
The number of hours worked dropped by a record amount. The number of job vacancies hit an all-time low — 23% lower than the previous record, clocked in 2001. "Employment is weakening and unemployment is largely unchanged, but there are some signs of economic inactivity rising, with people out of work not currently looking for work," the ONS said.
"The self-employed suffered their worst quarter on record. Job vacancies are non-existent. And, reportedly, 29% of UK businesses are preparing to cut jobs across the next three months," he said.
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