The UK’s unemployment rate rose to 4.8% in the three months to September
London — The UK’s unemployment rate rose to 4.8% in the three months to September, up from 4.5% as coronavirus continued to hit the jobs market.
Redundancies rose by a record 181,000 in the quarter to reach a record high of 314,000, the Office for National Statistics (ONS) said.
Firms made more workers redundant in anticipation of the end of the furlough scheme, which was originally supposed to finish at the end of October.
It will now last until 31 March.
The number of people in work fell by 247,000 from a year earlier, the largest annual decrease in more than a decade, BBC writes.
In particular, there was a big fall in the number of 16 to 24-year-olds in employment over the last quarter, decreasing by 174,000 to a record low of 3.52 million.