July 2020: Latest update on the labour market

Blurred business people

While the latest ONS figures are more positive than perhaps expected, we fear they represent the thin end of the wedge, with greater job losses undoubtedly still to come.

Commenting on the latest data, INTOO UK and Ireland’s Managing Director Owen Morgan explains “With many roles temporarily protected by the furlough scheme, and the latest GDP figures suggesting the economy has not bounced back as rapidly as hoped, we have to assume that the true impact of Covid-19 on unemployment will become clearer later in the year.

As an organisation which specialises in career transition we are pleased to see an increasing number of organisation offering employees support in finding their next roles. Should further redundancies become reality, we urge others to do everything they can to assist the career continuity of outgoing employees.”