UK redundancies hit record before second Covid lockdown
by Larry Elliott from on (#5A64E)
Job furlough scheme fails to stop 314,000 people losing job in three months to September
The government's furlough scheme and a recovering economy failed to prevent record redundancies in the period before tougher lockdown restrictions were imposed, according to the latest official data.
Figures from the Office for National Statistics showed that young people have been the hardest hit by mounting job losses, with an unemployment rate three times the national average.
Related: UK unemployment rate jumps to 4.8% as redundancies hit record high - business live
Continue reading...