UK labour market Nov 2020 - Release 4
The aim of this report is to extract sector relevant analysis from the ONS UK Labour Market data release. Release 4 uses the November report which was released on the 10th November 2020.
Please note that throughout this section, ‘Wholesale and Retail Trade; Repair of Vehicles and Motorcycles’ is the nearest proxy to represent the automotive sector. However, the data used for this section does include other sectors which may not be strictly automotive, and it is likely that other ‘retail sectors’ are significantly affecting the redundancy and unemployment rates.
- There has been a significant increase in redundancy levels in the wholesale & retail trade; repair of motor vehicles and motorcycles sector which in the period July to September 2020, with redundancy levels are currently three times higher than the same period last year and have increased by 39% in the past month.
- There has been a disproportionate increase in the women unemployed in the sector, an increase of 11% compared to 2% for men.
- Average earnings for all jobs increased by 2% in the last quarter and 4% compared to the same period the year before. Sector average earnings increased by 6% in the last quarter and 8% compared to the same period the year before.
- The average earnings for a women in the sector are £53 (10%) lower than men, this margin has decreased by 5% in the past quarter. Women’s average weekly earnings increased by a much faster rate than men, 11% in the last quarter and 13% compared to the same period the year before going someway to address the gender pay gap.