Despite
the steadiness of the unemployment rate near a record low in the second quarter,
the employment posted the worst quarterly decline since mid-2009, as the
Covid-19 measures forced employers to cut jobs.

The
jobless rate stabilized at 3.9 percent in the quarter ended June, defying
analysts’ projections of a rise to 4.2 percent.

On
the other hand, employment reported 220,000-drop during the same period on
slump in jobs for the over-65s, the self-employed, and part-time workers
.
Yet, a marked soar in full-time workers managed to make a balance.

The employment rate slipped 0.2 percentage points
to 76.4 percent, according to ONS.

Regular wages fell 0.2 percent on the quarter, the
worst contraction since 2001, while aggregate pay sagged 1.2 percent.

People filing for jobless benefits edged up by
94,400 in July, well above estimates of 9,700, where the claimant change surged
to 2.6 million
.

As of 07:45 GMT, the pound traded slightly higher versus the US dollar
at 1.3077, while it was 0.03 percent up against the euro at 1.1140.

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