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With unemployment in the UK staying steady at 3.9%, everyone is looking at the unemployment rate and assuming it is stable since it has been at the same number since the beginning of the year. However, if they go through the numbers of people losing their jobs, nothing is as stable as it seems. The UK currently has three million people who are out of work and availing Government benefits since the beginning of the pandemic, which is one of the highest increases that the country has ever seen. If the number of people losing their jobs and seeking benefits is increasing, why isn’t the unemployment rate changing?
There are many reasons for a stable unemployment rate, with the primary one being that majority of the people who lost their jobs are not looking to get back into the workforce anytime soon.
Most of them are waiting for the virus to get a little better or for the healthcare workers to get closer to a cure.
Furthermore, the UK Government has been pushing many schemes throughout the pandemic to assist companies when it comes to paying the salaries of their employees. Their main reason for doing this was that companies might not be able to pay the amounts since profits were not where they were before the pandemic. Many companies were holding on to their employees even though they could not pay for this reason.
Thirdly, the information gathered for most of these tests is not perfect since it is tallied three months later. Additionally, gathering details has been challenging in light of the pandemic, which brings the information collected into question. Everything considered the Government’s methods of calculating unemployment do not provide an accurate picture of what is happening, although for the time being it makes sense to look at the claimant count rather than the labor force survey.
To prevent more people from getting sick, or the spread of the second wave of the Coronavirus, the Government was considering changing the type of schemes that they were running slightly. One of their ideas was extending sick leave to allow staff to self-isolate if they discover they have coronavirus symptoms. They wanted to incentivize people staying at home, especially from catching the virus to reduce the spread. Without this step taken, it seemed that a large number of people would avoid getting tested and spread the disease faster.
When it comes to the job market in the UK, about half of all workers are employed in jobs requiring significant physical interactions and therefore have a much higher risk of contagion. Strong occupational safety and health standards, defined and enforced by public authorities and by social partners, remain a top priority.
Many employers have started handling background searches on the people within their company to make sure that they are hiring people they can trust and who fit the job description. They go through these tests through a DBS check which provides them with all the information they could need. If they want more information than just whether the person had a criminal record, they can handle gathering that through an enhanced DBS check, which is now possible through their website.