Impact of COVID-19 on UK Job Market

The impact that the COVID -19 pandemic on the UK JOB MARKET in the near future

Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
CONCLUSION...........................................................................................................................................4
REFERENCES............................................................................................................................................5

INTRODUCTION
Due to COVID 19 pandemic all nations of world have been affected in a negative
manner. The most common affect because of this pandemic is on economy of nations (Khunti,
Singh, Pareek and Hanif, 2020). In the United Kingdom, due to this disease many people have
lost their jobs because companies do not have enough funds to pay them. The report consists
detailed information about impact of COVID 19 on jobs in United Kingdom in upcoming time
period.
MAIN BODY
This has been estimated that economic activity (as measured by GDP) has fallen
approximately 30% by February 2020 in a traditional lock-down week in May 2020 in United
Kingdom (About impact on UK economy, 2020). In the week of 6-19 April, 23 percent of
companies briefly trapped or abandoned their enterprises, with about 60 percent of companies
also showing a decrease in sales, as per the Office of National Statistics. Due to this loss of
economy and companies, jobs of people is at higher risk or some people have already lost their
jobs. In the time period of lockdown around 7.6 million jobs were at risk. Basically, in the
United Kingdom job of those people is at risk who earns less than 10 pounds per hour. Herein,
below a graph is presented that shows jobs which are at risk: