Redundancies surge to record highs as 370,000 lose jobs and 1.7million now unemployed
15 Dec 2020, 7:21
Updated: 15 Dec 2020, 10:18
REDUNDANCIES have hit new record highs with 370,000 workers losing their jobs in the three months to October due to the coronavirus crisis.
It comes as the unemployment rate hit 4.9% during the period, with 1.69million people now without a job, according to the Office for National Statistics (ONS).
Redundancies have surged to a record high of 370,000 in the three months to October
The unemployment figures are up 411,000 on the same period the previous year and up 241,000 on the quarter.
In the three months to September, the ONS recorded an unemployment rate of 4.8% as 314,000 workers were made redundant.
Pound Sterling Gaps Higher Vs Euro And Dollar As UK/EU Agree To Go Extra Mile
exchangerates.org.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangerates.org.uk Daily Mail and Mail on Sunday newspapers.
Financial markets brace for volatile week as Brexit uncertainty continues
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.