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UK unemployment rate hits 4-year high in final quarter of 2020 but data shows 'tentative' signs of stabilizing

1 month ago   |   By Business Insider

Summary List Placement
The UK unemployment rate rose to 5.1% in the fourth quarter of 2020, the highest since 2016.
Yet company payrolls rose in January, when the UK went into national lockdown, suggesting the jobs markets may be stabilizing.
The UK suffered the worst slump out of the G7 in 2020 and has seen more than 120,000 deaths.
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The UK unemployment rate hit 5.1% in the final quarter of 2020, its highest since 2016, as tough coronavirus restrictions caused companies to lay off workers, according to official data...
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Jobless rate hits five-year high, but data shows ‘early signs' of stability

Jobless rate hits five-year high, but data shows ‘early signs' of stability

1 month ago   |   By Belfast telegraph

The number of workers on UK payrolls has fallen by nearly 730,000 since the start of the pandemic and the jobless rate has surged to a five-year high - but official figures revealed “early signs” of a stabilising jobs market.
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