💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

One in 20 UK workers return from furlough in recent weeks

Published 06/18/2020, 06:18 AM
Updated 06/18/2020, 06:20 AM
© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London

LONDON (Reuters) - One in twenty private-sector employees in Britain returned to work from furlough in the past two weeks, according to official figures on Thursday that suggest a gradual reopening of the economy is underway.

The construction, manufacturing, and food and accommodation sectors saw the highest proportion of their workers returning from furlough, an Office for National Statistics (ONS) survey of businesses showed.

Some 79% of workers in a separate official survey said they were working either from home or at their workplace as of June 14, up from 70% the previous week, the ONS said.

Thursday's data are intended to offer an up-to-date steer on the latest economic trends and are classified by the ONS as experimental, unlike its traditional but lagging gauges of the labour market.

Earlier this week the ONS said the number of people on British employers' payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record.

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London

Britain's government said this week more than 9 million jobs - about a third of the workforce - were being supported by its furlough scheme, at a cost of over 20 billion pounds ($25 billion) so far.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.