Unemployment falls below 5 per cent for the first time in a decade – stirring fears of an early interest rate rise Unemployment in June fell to 4.9 per cent- the lowest level since June 2011 By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 02:44 BST, 15 July 2021 | Updated: 02:58 BST, … Read more
Glimmers of hope? Unemployment holds steady at 5% and 200,000 people back on payrolls as businesses adjust to lockdown Latest ONS figures show payroll numbers continuing to recover after nosedive Payroll numbers now up 200,000 over past three months but still down overall Unemployment steady at 5 per cent, down 0.1% on three months to … Read more
Unemployment rate among recent graduates is more than DOUBLE the rate for UK workers as a whole according to new figures showing how the pandemic is hitting the youngest workers hardest Those fresh from university had unemployment rate of 12 per cent, ONS found Compared to already dire 5.1 per cent rate for the UK … Read more
Unemployment has risen again to a five-year high of 5.1 per cent as Rishi Sunak prepares to extend the huge furlough scheme for months more. Official figures showed that in the three months to December the rate went up by 0.1 per cent compared to the equivalent period to November. The increase – hitting younger … Read more
Bank of England boss Andrew Bailey says the UK’s unemployment rate is WORSE than official figures suggest – as he warns the depth of the second wave of coronavirus will delay the economic recovery UK’s jobless toll is officially 4.9% but he believes the true level is around 6.5% Bank governor addressed the Scottish Chambers … Read more
Unemployment spikes to 4.9 per cent as a record 370,000 are made redundant in three months Latest labour market figures show that unemployment rate has hit 4.9 per cent A record 370,000 were made redundant over the three months to October Numbers on payroll have now fallen by 819,000 since start of the pandemic By … Read more
Lord Forsyth warns Government ‘sleepwalking into unemployment crisis’ and risks destroying prospects of a generation of young people Ministers’ efforts to patch up the labour market following months of Covid chaos are falling short of what is needed ‘Time for a New Deal’ urges ministers to invest in job creation, hire more social workers and … Read more
Unemployment will soar to 2.6MILLION people in the spring as the furlough scheme ends and sends joblessness rocketing to 7.5 per cent from current 4.8 per cent level The Office for Budget Responsibility warned of a potential spring cliff edge Massive job retention scheme, loans and grants fended off catastrophe this year But they end in spring … Read more
The devastating impact of the coronavirus crisis on workers has been laid bare by new statistics which show vast swathes of the UK have seen the number of benefits claims more than double since March. The number of people claiming unemployment benefits stood at 2.6 million in October, an increase of approximately 1.4 million since … Read more
Unemployment rate spiked to 4.8% in last quarter – the highest since 2016 – as coronavirus crisis hammered the economy with 782,000 fewer workers on payroll than in March By James Tapsfield, Political Editor For Mailonline Published: 07:13 GMT, 10 November 2020 | Updated: 07:31 GMT, 10 November 2020 Unemployment spiked by 0.7 per cent … Read more