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China shares suffer biggest fall since February despite avoiding recession – business live | Business

Paid employment in Britain has plunged by almost 650,000 employees since the onset of the coronavirus pandemic in March, official figures show, as growing numbers of companies cut jobs. According to the Office for National Statistics, the number of payroll employees fell by 2.2%, or 649,000, from March to June. However, it said the rate

Paid employment in Britain has plunged by almost 650,000 employees since the onset of the coronavirus pandemic in March, official figures show, as growing numbers of companies cut jobs.

According to the Office for National Statistics, the number of payroll employees fell by 2.2%, or 649,000, from March to June. However, it said the rate of decline in employment slowed in June compared with May.

In a reflection of the shock to the economy during lockdown as businesses were forced to temporarily close, the latest snapshot showed the number of hours worked in Britain plummeted between March to May 2019 and March to May 2020 at a record pace. Hours worked each week dropped by 175.3m, or 16.7%, to 877.1m in total, marking the steepest fall since records began in 1971….

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