Tag: shrink

Coronavirus: UK payrolls shrink by 649,000 jobs in lockdown

Image copyright Getty Images The number of workers on UK company payrolls fell by 649,000 between March and June, official figures indicate. The number of people claiming work-related benefits last month – including the unemployed – was 2.6 million. The overall jobless rate was unchanged but there are 47,000 more young people unemployed than there were a year ago. Unemployment… Read more →

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Coronavirus: NI economy ‘to shrink by 7.5% this year’

Image copyright Getty Images The Northern Ireland economy will shrink by 7.5% this year as a result of coronavirus, according to a Danske Bank economist. That is relatively optimistic compared to some other forecasts. The Ulster University Economic Policy Centre has forecast a contraction of up to 10%. Danske chief economist Conor Lambe said a 7.5% fall still represented “a… Read more →