UK unemployment rate falls to 4.7% as payrolls surge nearly 200k – business live

Info seputar SGP Hari Ini 2020 – 2021.

Holiday bookings for summer 2022 are “significantly” ahead of normal, according to online travel agent On The Beach, as the prospect of a break in the sun this year recedes.

The Manchester-based company reported a 79% fall in revenues to £4.4m in the six months to 31 March, as it felt the effect of travel restrictions. Its adjusted pretax loss shrank to £21.6m from £34.1m, reflecting lower marketing spending.

Simon Cooper, the chief executive, said customers do not normally book holidays a year in advance but growing numbers are doing so now in the hope that the coronavirus pandemic will have been brought under control by then. Spain, the Canary islands, Greece and Turkey are popular destinations next year.

“Booking volumes for summer 2022 remain low, but are significantly ahead of normal trading patterns, partially due to the early release of flights for next year by most major airlines.”.

UK unemployment fell for the fourth month in a row in April as businesses took on more staff in response to the relaxation of Covid-19 restrictions.

The Office for National Statistics said the jobs market showed further signs of recovery as non-essential shops and hospitality venues were allowed to open outdoors across the UK.

The unemployment rate fell to 4.7% in the three months to April, representing about 1.6 million people, in a modest improvement from 4.8% in the three months to March.

Businesses hired staff to cope with a rush of pent-up demand from lockdown-weary consumers, and the number of staff on company payrolls rose for a sixth consecutive month according to figures for May from HMRC, increasing by 197,000 to 28.5 million.

However, this remains 553,000 below levels recorded before the Covid-19 pandemic struck. Young adults, workers in hospitality and those living in London have borne the brunt of job losses in the past year.

The Treasury is understood to be resistant to a furlough extension as employers report issues with labour shortages after the easing of lockdown earlier this spring.

According to the latest snapshot from the ONS, the number of job vacancies in the three months to May jumped to 758,000, only 27,000 below its pre-pandemic level, with the biggest rise in the accommodation and food services sector.

The rate of redundancies reported in the three months to April also decreased by a record 7.1 per 1,000 employees to 4.0 per 1,000 employees, back in-line with pre-pandemic levels.

More here: UK unemployment rate drops again as firms hire more staff

Richard Partington (@RJPartington)

UK unemployment rate falls again as firms hire more staff https://t.co/t2JufQEZcM

June 15, 2021

Richard Partington (@RJPartington)

Unemployment is expected to rise as furlough is made less generous from July and closed at end Sept. Businesses warn 21 June delay will make this worse.

But job losses nowhere near worst forecasts of last year. Reason enough for Sunak to reject a furlough extension?

June 15, 2021

Boohoo has reported further strong sales growth on the back of the online shopping boom seen during the pandemic, as it launched a new Debenhams “digital department store”.

The online fashion retailer said its revenues grew 32% in the three months to May compared with the same period in 2020, even as Covid lockdowns eased and other retailers reopened their shops.

UK revenues were strongest, up 50%, followed by the US with a 43% increase while sales in the rest of Europe and the rest of the world fell by 14% and 15% respectively. Overall revenues are up 91% over the past two years, with sales in the UK and US doubling.

Boohoo relaunched the Debenhams website in April, selling fashion, beauty and homeware, with new ranges added. It bought the Debenhams brand and website out of administration for £55m in January, after the 243-year-old department store chain collapsed last year.

The Debenhams name has disappeared from the high street, with all stores around the country closed, leading to the loss of about 12,000 jobs.

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