UK unemployment nears 2-year high in July, as pandemic claims 750,000 jobs since March

  • The UK’s unemployment rate rose to near two-year highs at 4.1% in July, as almost 750,000 jobs were lost since March this year.
  • The number of employees on payroll fell by 695,000 since March, despite the three months to July marking the period of relaxed lockdown restrictions.
  • The claimant count rose by 120.8% since March to reach 2.7 million in August. 
  • Latest data might not present the true extent of job losses in Britain as “the numbers still don’t include those who have yet to return to work from furlough, and as such aren’t classified as unemployed quite yet,” a chief market analyst said.
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The coronavirus pandemic cost 750,000 people their jobs in the UK between March and August and pushed the unemployment rate above 4% for the first time since October 2018, according to data released Tuesday

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