The U.K. economy has shed nearly 700,000 jobs since March because of the lockdown forced on it, with five million people still temporarily kept away from work, the U.K.’s statistics office said on Tuesday.
– The U.K. unemployment rate rose to 4.1% in the three months to July, mostly due to the increase in the number of unemployed young people. This remains one of the lowest in Europe, where it stood at 7.2% in the European Union in July.
– The job situation deteriorated despite the generous furlough programs and other job-supporting measures decided by the government in the significant stimulus plan it unveiled early in the crisis to counter the effects of the coronavirus pandemic.
– Despite the sharpest fall of gross domestic product in