As the government prepares to impose tougher local lockdown rules, the UK unemployment rate has surged to its highest level in over three years as the pandemic continues to hit jobs as many businesses are forced to close. In the three months between June and August, an estimated 1.5 million people were unemployed as the unemployment rate grew to 4.5% compared with 4.1% in the previous quarter, while redundancies rose to their highest level since 2009.
Since the pandemic began there has been a sharp increase in those out of work and overall employment is down by about half a million, with young people aged 16-24 in particular who seem to have been the most affected group as they represent around 60% of those now out of work, with a large number of redundancies had been focused on sectors such as hospitality, travel and recruitment. Meanwhile, the number claiming work related benefits hit 2.7 million in September, an increase of 1.5 million since the beginning of the crisis in March.
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19th October 2020