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UK: Unemployment rises as COVID lockdowns hit economy

4 days ago   |   By Al Jazeera

Jobless rate up 5.1 percent in last three months of 2020, the highest level in almost five years.
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UK unemployment rate hits 4-year high in final quarter of 2020 but data shows 'tentative' signs of stabilizing

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

4 days 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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