Changes taking place in regard to the economy because of the COVID19 pandemic
The number of unemployed people in the UK is regularly rising with the Coronavirus hitting world economies, with the highest numbers of people working from home and companies struggling to keep up productivity. The number of people claiming unemployment benefits has moved surprisingly high to 2.7 million between March and July, according to official figures.
However, unemployment is difficult to measure, and the picture is quite complex now than ever before. Furthermore, there are other factors like people without work but not planning on joining the workforce until the economy gets properly started again, and a proper cure for the Coronavirus. Furthermore, there are a lot of people currently at work, but the Government is paying their salaries through schemes handed out through offices.
One specific measure comes from the Labour Force Survey that tries their best to coordinate getting accurate statistics by asking thousands of people every month if they are unemployed and looking for work. These are the same measure used to calculate the unemployment rate in various countries. Currently, the unemployment rate is at 3.9% it’s close to the lowest it has been for 40 years as if the current crisis never happened but statistics cannot be trusted for various reasons including the numbers are revised every three months, and Government schemes are currently powering the economy. The only test is when those schemes stop and companies begin working on staying afloat by themselves.
A few months later, when statistics were rechecked they showed 7.5 million temporarily away from their jobs in June. Furthermore, furlough comes to an end in October, raising fears that many more people will be out of work if under-pressure employers can’t pay them. Additionally, the Office for National Statistics (ONS) identified around half a million workers who have a job but are not working or paid, like freelancers or people working in industries that need social interactions and will be able to get to work once the economy starts opening up. Furthermore, the Government is working on plans where they began opening the economy in August hoping that isolated people at home would use it as an opportunity to come outdoors and visit restaurants and bars, taking all the necessary precautions. They were hoping that this could turn into the boost that the economy needs to see if it can stand alone.
The number of workers on company payrolls fell by 730,000 between March and July as another 81,000 jobs were lost since June, in large part due to cutbacks by employers hit hard by the Covid-19 pandemic. Most offices are learning the intricacies of working remotely and getting their employees to handle a lot of the work remotely.
They have to handle a significant amount of background tests since a lot of the people are
working from home. While this is a requirement for some jobs at some companies, it is the right of every employer. They can choose the DBS checkthat provides all the details relating to the individual, along with their criminal record, if any. Furthermore, they can even handle this entire process through the DBS online check, which is convenient and provides the information that they require, without having to leave their office.