The UK’s unemployment rate has risen to 4.8% in the third quarter of this year (July to September), up from 4.5% as coronavirus continued to hit the jobs market.
The unemployment rate was in line with analysts’ expectations. The figures reflect a wave of job cuts made by employers as they prepared for the phasing out of the government’s furlough scheme — which was due to close at the end of October but has been extended until the end of next March.
Redundancies climbed to a record high of 314,000 in July to September — a rise of 195,000 from the previous year and 181,000 from the previous quarter, the Office for the National Statistics (ONS) said.
Follow us on:
Gbadebo Rhodes-Vivour has condemned the commercialisation of GMO seeds, warning of threats to Nigeria’s food…
Oleksandr Usyk has secured victory over Tyson Fury in Riyadh, successfully defending his heavyweight championship…
Albania plans a one-year TikTok ban from January after a schoolboy’s death sparks concerns over…
A suspect accused of killing five people by driving into a crowded Christmas market in…
A US Navy F/A-18 Hornet was mistakenly shot down over the Red Sea by the…
NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery…