Article 54ZH1 UK jobless figures climbing but most dangerous moment may have passed

UK jobless figures climbing but most dangerous moment may have passed

by
Richard Partington Economics correspondent
from on (#54ZH1)

Guardian's monthly economic tracker paints mixed picture with businesses forced to close despite rising spending

Unemployment in Britain is beginning to climb despite a modest rebound in economic activity in the past month as coronavirus lockdown restrictions are lifted, Guardian analysis shows.

As the government eases restrictions on business and social life after three months of lockdown, the Guardian's monthly tracker of economic news paints a mixed picture of an economy slowly recovering from the deepest recession in living memory.

The coronavirus lockdown has prompted some of the UK's most prominent companies to announce large-scale job losses. The aviation, automotive and retail sectors have been among the worst hit, as businesses adjust to dramatically reduced revenue projections.

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