BR100 Decreased By (-1.49%)
BR30 Decreased By (-1.14%)
KSE100 Decreased By (-0.85%)
KSE30 Decreased By (-1.61%)
AGHA 6.12 Decreased By ▼ -0.06 (-0.97%)
BECO 4.15 Decreased By ▼ -0.08 (-1.89%)
BML 60.90 Decreased By ▼ -0.94 (-1.52%)
BOP 30.91 Decreased By ▼ -0.79 (-2.49%)
CNERGY 12.11 Increased By ▲ 0.05 (0.41%)
CSIL 5.66 Increased By ▲ 0.03 (0.53%)
FCCL 58.21 Decreased By ▼ -0.50 (-0.85%)
FFL 13.40 Decreased By ▼ -0.07 (-0.52%)
FNEL 1.17 No Change ▼ 0.00 (0%)
KEL 6.10 Decreased By ▼ -0.04 (-0.65%)
KOSM 5.61 Decreased By ▼ -0.05 (-0.88%)
LOTCHEM 24.35 Decreased By ▼ -0.47 (-1.89%)
MLCF 100.19 Decreased By ▼ -1.90 (-1.86%)
NBP 175.81 Decreased By ▼ -3.85 (-2.14%)
NCPL 51.90 Increased By ▲ 1.85 (3.7%)
NPL 53.93 Increased By ▲ 1.03 (1.95%)
OGDC 313.80 Decreased By ▼ -2.44 (-0.77%)
PACE 9.24 Increased By ▲ 0.03 (0.33%)
PAEL 33.55 Decreased By ▼ -0.47 (-1.38%)
PIBTL 13.23 Decreased By ▼ -0.19 (-1.42%)
PPL 218.10 Decreased By ▼ -3.20 (-1.45%)
PRL 85.50 Increased By ▲ 0.90 (1.06%)
PTC 47.45 Decreased By ▼ -0.93 (-1.92%)
SSGC 22.65 Decreased By ▼ -0.29 (-1.26%)
TBL 9.20 Decreased By ▼ -0.10 (-1.08%)
TELE 7.17 Increased By ▲ 0.10 (1.41%)
TPL 25.50 Decreased By ▼ -0.36 (-1.39%)
TPLP 13.15 Increased By ▲ 0.04 (0.31%)
TREET 24.55 Decreased By ▼ -0.44 (-1.76%)
TRG 53.58 Decreased By ▼ -0.45 (-0.83%)
World

UK unemployment rate rises to 4.9%: official data

  • The number of UK redundancies meanwhile soared by a record 370,000 in the three months to October, despite an easing in the last month of the period.
Published Updated
By

LONDON: Britain's unemployment rate has risen to 4.9 percent as a record amount of jobs were wiped out by the coronavirus pandemic, official data showed on Tuesday.

The reading for the three months to the end of October compared with an unemployment rate of 4.8 percent for July-September, the Office for National Statistics (ONS) said in a statement.

Since the start of the UK pandemic in March, the number of payroll employees has dived by 819,000 -- with more than a third of this slump in the virus-plagued hospitality sector.

The ONS stressed however that the largest falls in payroll staff were experienced at the start of the deadly Covid-19 crisis.

The number of UK redundancies meanwhile soared by a record 370,000 in the three months to October, despite an easing in the last month of the period.

"Overall we have seen a continuation of recent trends, with a further weakening in the labour market," said ONS director of economic statistics Darren Morgan.

"The latest monthly tax numbers show over 800,000 fewer employees on the payroll in November than in February, with new analysis finding that over a third of this fall came from the hospitality sector.

He added: "While there was another record rise in redundancies in the latest three months as a whole, they began to ease during October."

Comments

Comments are closed for this article.