Three charts show dramatic change in the U.K. jobs market as benefits surge by highest on record

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The U.K. job market in three charts: Job openings have dried up, jobless claims are up and hours worked in food services are down.

In the U.K., the one measure that so far has not really budged is the unemployment rate. For the period from January to March, it edged up 0.1 percentage points to 3.9%, according to Office for National Statistics data. The U.K. statistician doesn’t report monthly changes in unemployment.

But it does measure monthly changes in the claimant count, which is more or less the same as jobless claims. Those spiked in April to 2.1 million from 1.2 million, a record increase. Hours worked shows what industries have been impacted. Accommodation and food services have seen the greatest toll.

 

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