United Kingdom
Latest Available Workforce Statistics
- February 2020
Total Workforce
34m
Unemployed
1.4m
Impact of Coronavirus
▪ Applications for unemployment benefits (Universal
Credit) have risen by 1.4m since February.
▪ The Office of Budget Responsibility in the UK has
forecast that unemployment will rise by more than 2
million people in the second quarter of 2020. This is
based on a 3 month restriction of movement with the
economy returning to normal over the following 3
months.
▪ The Government will provide both furloughed workers
and self employed up to 80% of wages per month
(capped).
▪ Lockdown has currently been extended by a further 3
weeks to May 7.
Employment Share: Coronavirus - Likely Impact by Sector
High Impact Medium Impact Lower Impact
Accommodation
and Food Services
5%
Construction
7%
Education
10%
Real Estate;
Business and
Administrative
activities
14%
Financial and
Insurance Activities
4%
Human Health and
Social Work
Activities
13%
Manufacturing
9%
Mining and
Quarrying
<1%
Public Admin,
defence, social
security
7%
Wholesale and
Retail trade
13%
Transport, storage
and communication
9%
Utilities
1%
Arts, Entertainment,
Recreation and
other services
6%
Agriculture, Forestry
and fishing
1%
Share of Workforce based on Sector and Likely Impact of Coronavirus on Jobs
Forecast YOY Change
-6.5%
IMF GDP
Forecast*
*IMF Real GDP Forecast is a baseline scenario which assumes pandemic containment
measures are gradually wound down in the second half of 2020. IMF, World Economic
Outlook, April 2020
IMF, W orld Economic Outlook, April 2020 https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
https://ilostat.ilo.org/data/ https://www.ilo.org/global/topics/coronavirus/lang--en/index.htm
https://www.lexology.com/research/hubs/coronavirus
https://obr.uk/coronavirus-reference-scenario//
https://www.gov.uk/government/news/government-launches-new-coronavirus-business-support-finder-tool
46% 20% 33%
High Impact Medium Impact Lower Impact
