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-54146833

The article has changed 10 times. There is an RSS feed of changes available.

Version 0 Version 1
UK payrolls shrink by 695,0000 in August Young people hit as unemployment rate ticks higher
(30 minutes later)
UK payrolls shrank by 695,000 between March and August as employers cut jobs ahead of the winding down of the government's Job Retention Scheme. The number of young people in the UK without a job rose 156,000 in the three months to July, according to new data.
The Office for National Statistics said those aged between 16 and 24 saw the biggest drop in employment compared with other age groups.
Overall, the UK's unemployment rate grew to 4.1% over the period, compared with 3.9% previously.
Firms continued to remove staff from payrolls as they prepared for the end of the government's furlough scheme.
Some 695,000 UK workers have disappeared from the payrolls of British companies since March, when the coronavirus lockdown began.
ONS director of economic statistics Darren Morgan said: "With the number of employees on the payroll down again in August and both unemployment and redundancies sharply up in July, it is clear that coronavirus is still having a big impact on the world of work."