By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: UK unemployment hits four-year high on virus fallout
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > UK unemployment hits four-year high on virus fallout
News

UK unemployment hits four-year high on virus fallout

Fesadeb
Last updated: 2020/12/16 at 7:30 AM
Fesadeb Published December 16, 2020
Share
SHARE

Britain’s unemployment rate has struck the highest level in four years after the coronavirus pandemic wiped out a record amount of jobs, official data showed on Tuesday.

The rate — or proportion of the workforce that is unemployed — hit 4.9 percent in the three months to the end of October, the Office for National Statistics (ONS) said in a statement.

That compared with a rate of 4.8 percent for the quarter to the end of September. The ONS added that the rate was last higher in August 2016, when it had stood at 5.0 percent.

Since the start of the UK pandemic in March, the number of all payroll employees has dived by 819,000 — with more than a third of this slump in the hospitality sector.

At the same time, millions of private-sector workers are still receiving the bulk of their wages under the British government’s furlough jobs scheme.

The bleak update comes as London’s battered hospitality sector is set for further turmoil, with the capital experiencing tougher lockdown restrictions from Wednesday following a surge in Covid-19 cases across the capital.

The Guardian

You Might Also Like

HDAN Hails Shehu Osidi @ 60: A Man of Vision

Umuahia Children’s Centre Cries Out for Government Support as Conditions Worsen

Senate to Host National Security Dialogue as Violence Escalates Nationwide

FG Begins Overhaul of NYSC, Proposes Specialized Teachers and Medical Corps

Naira Strengthens Slightly Against Dollar in Both Official and Parallel Markets

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb December 16, 2020 December 16, 2020
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?