Coronavirus crisis: unemployment and redundancies begin to rise
(WorldNews Europe)

Coronavirus crisis: unemployment and redundancies begin to rise Date: 21st September 2020 In this Perspective Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, discusses the latest labour market data and other economic data: The unemployment rate rose to 4.1% in the three months to July, compared with 3.9% in the previous three months and 3.8% a year earlier; the increase was concentrated in the young. Significantly, the ONS single month estimate for July (4.4%) was higher that June`s (3.8%) and May`s (4.0%). Redundancies increased by 48,000 (QOQ) in the three months to July, to be 58,000 higher (YOY). Even though redundancies were still historically low, well below that seen during...