The results were compared to previous surveys showing the changes in the wake of the pandemic.
These changes were either caused by the lockdown restrictions or a more general loss of demand and economic downturn.
The findings were:
- 4% of adults closed a business permanently;
- 11% lost a job; and
- 19% took a cut in salary and working hours since March 2020.
Of those who lost their jobs or closed their businesses, 50% were unable to find new work and 7% have dropped out of the job market completely.
According to the survey, white respondents and those with higher levels of formal education were notably more likely to have found new jobs than African respondents or those with lower levels of education.
“This provides a stark example of the differential ability of people to ‘bounce back’ from shocks,” according to the survey.
TimesLIVE