Tuesday, 13 October 2020 06:40

Unemployment Rate hits highest level in Three Years

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As the pandemic continues to hit jobs, the UK unemployment rate has jumped to its highest level in more than three years.

In the three months to August, the unemployment rate grew to 4.5 percent , compared with 4.1 percent previously.

The Office for National Statistics (ONS) said an estimated 1.5 million people were unemployed in the period, 209,000 more than a year earlier.

It comes as the government is preparing to impose tough local lockdown rules that will force the closure of some companies.

Jonathan Athow, ONS National Deputy Statistician for Economic Statistics, said: "Nearly half a million fewer people have been employed in the latest period than just before the pandemic, while nearly 200,000 others said they were employed but were not currently working or earning any money."

 

"Since the start of the pandemic there has been a sharp increase in those out of work and job hunting but more people telling us they are not actively looking for work.

"There has also been a stark rise in the number of people who have recently been made redundant."

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