U.K. unemployment rate rose to 4.1% in July as lockdown impact hit home

 


The number of young people in the UK without a job rose 156,000 in the three months to July, according to new data.

The Office for National Statistics said those aged between 16-24 saw the biggest drop in employment compared to other age groups.

Overall, the UK's unemployment rate grew to 4.1%.

36,000 came off the payroll in August, but Mr Morgan added: ‘The number of job vacancies continued to recover into August, too. ‘Nonetheless, with the number of employees on the payroll down again in August and both unemployment and redundancies sharply up in July, it is clear that coronavirus is still having a big impact on the world of work.’ The ONS added that the easing of lockdown restrictions in July saw hours begin to recover from May to July – but it remained low, while pay levels continued to decline once adjusted for inflation. There was more positive news for job vacancies, which the organization said continued to recover in August, particularly in hospitality, health and social work, transport and storage, and retail, which have seen big increases since May. The latest figures follow a spate of job losses announced by companies in sectors badly hit by Covid-19 and amid fears that this winter could see mass unemployment with the winding down of the Furlough scheme and more economic uncertainty.