This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.bbc.co.uk/news/business-52719230

The article has changed 13 times. There is an RSS feed of changes available.

Version 1 Version 2
Huge rise in people claiming unemployment benefit Huge rise in people claiming unemployment benefit
(32 minutes later)
The number of people claiming unemployment benefit in the UK soared last month, the first full month of the coronavirus lockdown.The number of people claiming unemployment benefit in the UK soared last month, the first full month of the coronavirus lockdown.
The claimant count in April went up by 856,500 to 2.097 million, the Office for National Statistics (ONS) said. The claimant count in April went up by 856,500 to 2.1 million, the Office for National Statistics (ONS) said.
Separate ONS figures showed UK unemployment rose by 50,000 to 1.35 million in the three months to March.Separate ONS figures showed UK unemployment rose by 50,000 to 1.35 million in the three months to March.
The unemployment rate was estimated at 3.9%, slightly up on the previous quarter, the ONS said. The unemployment rate was estimated at 3.9%, slightly down on the previous quarter, the ONS said.
Before the lockdown began, employment had hit a record high.Before the lockdown began, employment had hit a record high.
According to research by the Resolution Foundation, young people are most likely to have lost work or seen their income drop because of the coronavirus pandemic.According to research by the Resolution Foundation, young people are most likely to have lost work or seen their income drop because of the coronavirus pandemic.
More than one in three 18 to 24-year-olds is earning less than before the outbreak, the research indicated.More than one in three 18 to 24-year-olds is earning less than before the outbreak, the research indicated.
It said younger workers risk their pay being affected for years, while older staff may end up involuntarily retired.It said younger workers risk their pay being affected for years, while older staff may end up involuntarily retired.
Bigger rise dueBigger rise due
The jobless figures only cover the first week of the lockdown and the total is likely to worsen sharply in the coming months.The jobless figures only cover the first week of the lockdown and the total is likely to worsen sharply in the coming months.
Jagjit Chadha, director of the National Institute of Economic and Social Research, told the BBC: "We can reasonably expect unemployment to rise very quickly to something over 10% - something we haven't seen since the early 1990s."Jagjit Chadha, director of the National Institute of Economic and Social Research, told the BBC: "We can reasonably expect unemployment to rise very quickly to something over 10% - something we haven't seen since the early 1990s."
People who are at home on furlough are not counted in the jobless total.People who are at home on furlough are not counted in the jobless total.
However, the total number of weekly hours worked showed its largest annual decrease in 10 years.However, the total number of weekly hours worked showed its largest annual decrease in 10 years.
Estimates based on returns for individual weeks suggest that this fall was mostly caused by the decrease in hours in the last week of March, with a much smaller decrease in the previous week, the ONS said.Estimates based on returns for individual weeks suggest that this fall was mostly caused by the decrease in hours in the last week of March, with a much smaller decrease in the previous week, the ONS said.
In the final week of March, the total number of hours worked was about 25% fewer than in other weeks within the quarter.In the final week of March, the total number of hours worked was about 25% fewer than in other weeks within the quarter.
"The headline employment and unemployment data have registered no impact from Covid-19 because they are three-month averages and the UK only went into lockdown in late March," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics.
"Weekly data on total hours worked, however, show some of the initial virus damage; hours dropped by 6% in the penultimate week of March and by a further 16% in the final week.
"Timelier claimant count data also paint a bleak picture.
"In addition, the 24.8% year-over-year drop in three-month average measure of job vacancies in April - the steepest since October 2009 - suggests that very few unemployed people will be able to find a job quickly."
Are you claiming unemployment benefit? Share your experiences by emailing haveyoursay@bbc.co.uk.
Please include a contact number if you are willing to speak to a BBC journalist.
Or use the form below: