• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed

April 14, 2021 by Forex Winner Leave a Comment

U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed

The average hourly output of British workers posted slight gains in 2020 even as the COVID-19 pandemic hit total production, according to Reuters.

  • U.K. production rose by 0.4% last year, while total production dropped nearly 10% due to the pandemic.
  • The Office for National Statistics (ONS) said the productivity impact of 2020’s economic collapse differed from the 2008-2009 financial crisis due to the types of jobs affected. Last year’s economic downfall was the biggest in over 300 years.
  • Many workers in relatively low-paid retail and hospitality roles were furloughed, while employees working from home were typically in higher-paid sectors, which boosted the figures.
  • Productivity within the retail sector posted sharp gains in the second half of 2020 as businesses started to reopen and online shopping intensified.
  • Growth drivers include online retail, which employs less staff versus traditional stores, and supermarkets which tended to be larger than average.
  • Hourly output in the public sector was 13.0% lower in the fourth quarter to reflect a surge in COVID-related spendings such as personal protective equipment and COVID testing programs.
  • Total hourly output also fell 0.7% compared to a year earlier, smaller than the earlier flash estimate of a 1.1% decline.

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

sixty eight − = sixty seven

Primary Sidebar

Latest News

US Pending Home Sales Fall for Sixth Straight Decline

US Pending Home Sales Fall for Sixth Straight Decline

May 26, 2022

US Unemployment Claims Retreat to 210,000

US Unemployment Claims Retreat to 210,000

May 26, 2022

US Downgrades First-Quarter Economic Performance

US Downgrades First-Quarter Economic Performance

May 26, 2022

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Footer

Forex Broker Reviews

go markets

GO Markets Review

September 11, 2019 By Forex Winner

Oanda Review

Oanda Review

May 2, 2019 By Forex Winner

easymarkets

easyMarkets Review

October 24, 2019 By Forex Winner

Forex Robot Reviews

EA Thomas

EA Thomas Review

May 26, 2022 By Forex Winner

Waiting Night Review

Waiting Night Review

May 24, 2022 By Forex Winner

News Catcher

News Catcher Review

May 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure