Labour market economic analysis, quarterly: June 2020
The ONS has today published the first in a new quarterly series of articles giving additional economic analysis of the latest UK labour market headline statistics and long-term trends. The first article looks at the impact of the coronavirus (COVID-19) pandemic on hours worked and vacancies in different UK industries.
Main points
- Early indications of the impact of the coronavirus (COVID-19) pandemic on the labour market show that average weekly actual hours worked fell by 2.5% between January and March 2019 and the same period in 2020, compared with a decline of 2.2% in the period January to March 2008 and the same period in 2009.
- Between January to March 2019 and January to March 2020 the largest loss of average actual hours worked was recorded in the accommodation and food services industry (negative 11.8%)
- Young workers aged 16 to 24 years experienced the largest fall in average actual hours (negative 5.9%) compared with other age groups, followed by those aged 65 years and older (negative 4.8%).
- Vacancies decreased across all industries, with the largest percentage decrease recorded in the accommodation and food services industry (negative 41.5%) in the period between February to April 2019 and February to April 2020.
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