alert-bi-jobs-monitor-2020-March_-_revised

Coronavirus: the business winners and losers during March 2020

The Jobs Barometer recorded 129,558 job movements across the private, public and not-for-profit sectors in the UK during March 2020. These comprised 86,407 gains and 43,151 losses in a 67%/33% split.

 

In the private sector (see data tables below) retailing topped the job gains chart (accounting for 48.3% of the total gains) and also topped the job losses table (making up 39.2% of the total). Firms which had been teetering on the brink of collapse before COVID-19 struck soon slipped under, while others – such as supermarkets and other ‘essential’ retail businesses – launched hiring initiatives to service the changing demands of the marketplace brought on by restrictions and infection fears.

 

The Government’s furloughing initiative prevented an avalanche of job losses in retail and elsewhere, for now at least – otherwise the Jobs Barometer would be showing a very different picture.

 

Leisure & Hospitality was also heavily impacted in March by the unfolding crisis, accounting for 36.5% of the job losses and 15.7% of the job gains, as businesses that could benefit from the stay-at-home and social-distancing restrictions did so.

 

At a regional level, firms in London accounted for 24.6% of the job gains, while the East of England made up 31.1% of the losses.


Region – Private sector  only

Job gains

Gain %

Job losses

Loss %
London 17712 24.6% 9378 23.2%
East of England 14654 20.3% 12600 31.1%
West Midlands 13095 18.2% 3754 9.3%
Yorkshire and the Humber 10349 14.4% 849 2.1%
North West 6434 8.9% 3502 8.7%
South East 5305 7.4% 731 1.8%
East Midlands 1286 1.8% 1868 4.6%
North East 514 0.7% 1090 2.7%
South West 97 0.1% 2352 5.8%
England Total 69446 96% 36124 89%
Scotland 1943 2.7% 406 1.0%
Northern ireland 599 0.8% 1080 2.7%
Wales 32 0.0% 2853 7.1%
United Kingdom Total 72020 100% 40463 100%

Sector Group – Private sector only

Job gains

Gain %

Job losses

Loss %
Retailing & Wholesaling 34777 48.3% 15853 39.2%
Health & veterinary services 11909 16.5% 0 0.0%
Leisure & hospitality 11297 15.7% 14772 36.5%
Property & Construction 2985 4.1% 529 1.3%
Food & Beverages 1923 2.7% 2599 6.4%
Business services 1733 2.4% 271 0.7%
Chemicals, pharmac & biotech 1663 2.3% 180 0.4%
Banks & financial services 1577 2.2% 277 0.7%
Vehicles & Components 900 1.2% 352 0.9%
IT & telecommunications 868 1.2% 300 0.7%
Engineering & Manufacturing 861 1.2% 1198 3.0%
Transport & Storage 585 0.8% 2939 7.3%
Media & publishing 453 0.6% 0 0.0%
Energy, utilities, waste 318 0.4% 609 1.5%
Aerospace & defence 100 0.1% 455 1.1%
Electronics and electrical 71 0.1% 0 0.0%
Consumer goods & services 0 0.0% 129 0.3%
Total 72020 100% 40463 100%

A selection of organisations that experienced
job movements during
 March 2020

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