ONS | Payrolls shrink by 650,000 during lockdown

The number of people on UK company payrolls during the period March to June 2020 has dropped by circa 649,000, according to the latest ONS stats.

Unemployment has not surged, as many feared, because large numbers of firms have put employees on the Government-backed furlough scheme.

But economists say the full effect on employment will not be felt until the scheme ends in October.

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