UK unemployment FELL in lockdown: People out of work dropped from 4.9% to 4.8% over January to March – while number of payroll staff rose for fifth month in row… but it is still 772,000 below pre-Covid levels The number of UK workers on payrolls surged for the fifth month in a row in April … 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 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
President Donald Trump on Saturday night blamed China for the financial strain being felt by Americans impacted by the coronavirus pandemic, as he refused to sign into law a $900 million coronavirus relief bill. The president repeated calls for stimulus checks to be boosted to $2,000 instead of the $600 promised by the current bill, … Read more
President Donald Trump on Saturday night blamed China for the financial strain being felt by Americans impacted by the coronavirus pandemic, as he refused to sign into law a $900 million coronavirus relief bill. The president repeated calls for stimulus checks to be boosted to $2,000 instead of the $600 promised by the current bill, … 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
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
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