Home Business news UK job figures: why there is worse to come

UK job figures: why there is worse to come

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Unemployment is rising as the summer recovery fades and the furlough scheme scales back

The latest jobless figures were not all doom and gloom. Vacancies were up by nearly 150,000 between the second and third quarters and 20,000 people were added to payrolls in September.

These, though, were silver linings to a whopping cloud. The big picture is that unemployment is going up while employment and participation in the labour market are going down.

Related: UK redundancies rise at record rate amid Covid fallout

Continue reading…Unemployment is rising as the summer recovery fades and the furlough scheme scales backCoronavirus – latest updatesSee all our coronavirus coverageThe latest jobless figures were not all doom and gloom. Vacancies were up by nearly 150,000 between the second and third quarters and 20,000 people were added to payrolls in September.These, though, were silver linings to a whopping cloud. The big picture is that unemployment is going up while employment and participation in the labour market are going down. Related: UK redundancies rise at record rate amid Covid fallout Continue reading…