Unemployment rises to 5.1 per cent as ‘furlough extended’

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

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

Trump blames China for financial strain on Americans as 14 million people lose unemployment

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

Trump blames China for financial strain on Americans as 14 million people lose unemployment

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 in latest quarter

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 in latest quarter

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

Government ‘sleepwalking into unemployment crisis’

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

Swathes of UK see unemployment benefits claims more than DOUBLE

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

Redundancies hit a RECORD as unemployment spikes to 4.8% – the highest since 2016 – with fears the coronavirus pain is set to get WORSE Official figures show unemployment hit 4.8% in the three months to September  Rate is now the highest since 2016 as the coronavirus crisis hammers economy Payroll numbers now 782,000 lower … Read more

Unemployment rate spiked to 4.8% in last quarter

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