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The Office for National Statistics (ONS) published the latest official data on the UK labour market on Tuesday. Coronavirus: Official jobs figures show UK unemployment rose in February Skip to ...
UK unemployment could hit 14.8% if there is a second wave of coronavirus infections in the country.
SSP Group announced it was cutting 5,000 UK jobs across its chains, including Upper Crust and Caffè Ritazza, as part of a restructuring aimed at keeping the company afloat. [124] On 2 July 2020, CDG announced the group had been placed into administration, with 91 outlets set to close with the loss of 1,900 jobs. [ 125 ]
The ONS said the jobless rate jumped to 4.2% in the three months to February, up from 3.9% in the three months to January. UK unemployment rate jumps by more than expected amid cooling jobs market ...
In 1912 there were 1.4 million members of trade unions that paid benefits. This means the unemployment rates for this period are based on a very small section of the UK population at the time (mainly manual workers). The lowest unemployment rate recorded in this period was 1.4% in 1890 and the highest was 10.2% in 1892. [19]
The Coronavirus Job Retention Scheme (CJRS) was a furlough scheme announced by Rishi Sunak, the Chancellor of the Exchequer, on 20 March 2020, during the COVID-19 pandemic in the United Kingdom. [1] The scheme was announced as providing grants to employers to pay 80% of a staff wage and employment costs each month, up to a total of £2,500 per ...
Official figures also revealed wages continuing to lag behind rocketing inflation despite the biggest hike in earnings for more than 20 years.
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