º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Economic Development

º£½ÇÊÓÆµ unemployment creeps up as Covid-19 pandemic hits business

"It is probable that unemployment will escalate sharply as government support winds down"

(Image: Getty Images)

Britain’s unemployment rate rose to 4.1 per cent in the three months to July - 0.3 per cent higher than the year previously, according to latest figures from the Office for National Statistics (ONS).

Over the quarter, young people without a job rose to 156,000, while the number of employees in the º£½ÇÊÓÆµ on payrolls was down around 695,000 compared with March, when the Covid-19 lockdown began.

Although the number of people estimated to be temporarily away from work (including furloughed workers) fell, it was still more than five million in July.

There were also around 250,000 people away from work because of the pandemic and receiving no pay.

However, there was a rise in job vacancies over the period, driven by smaller businesses, according to the ONS, which said some were taking on additional staff to meet coronavirus guidelines.

The wholesale, retail, hotel and restaurant, and construction sectors saw the highest percentage of employees returned to work from furlough in the three months to July.

Matthew Percival, CBI director of people and skills, said: “The easing of lockdown restrictions and a more flexible Job Retention Scheme in July have led to the beginning of a recovery in vacancies and hours worked.

“But rising redundancies, rising unemployment and a record fall in the number of young people in work are clear warning signs of what is to come.