UK unemployment jumps to 4.5% on virus fallout

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

An analyst says the United Kingdom labor market 'has been somewhat weaker than previously thought' and fresh restrictions may mean 'worse lies ahead.'

destroy jobsThe reading for the June-August period compared with an unemployment rate of 4.1% for May to July, the Office for National Statistics said in a statement.

Since the start of the UK pandemic in March, the number of payroll employees has dived by a net 673,000, the data showed. "What's more, the prospect of the latest COVID-19 restrictions leading to the economic recovery stalling, if not going into reverse, means worse lies ahead." The northwest English city of Liverpool was the first area to be designated at"very high risk" under a new 3-tiered system.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines