The Market As A Whole
Before we can get to grips with what is happening now, it’s good to understand what has happened in the past. The last time we saw anything like this was in the 2008 recession, this time things are a bit more acute.
This time round 9.6m people or 1/3 of the UK working population where furloughed. More than that, 73% of businesses have furloughed employees. This means there is barely a household not a ected by this upheaval. At its
high on May 8, 30% of the UK’s working population were furloughed. It’s a staggering amount but we are starting to see the beginnings of an uplift again. When we look at the UK Madgex Portfolio vs
The e ects of the 2008 recession on UK Job Posting Supply and Demand
3,000
Unemployment Job posts
2,500
2,000
1,500
1,000
500
0
2001
2009
2014
2019
ONS - O ce for National Statistics
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