UK Unemployment Rate Rises for 6th Straight Month | Business News

UK Unemployment Rate Rises for 6th Straight Month | Business News

LONDON (AP) — The U.Ok. unemployment fee rose for a six straight month in December as renewed coronavirus restrictions shut down most companies throughout the nation.

The Workplace for Nationwide Statistics mentioned Tuesday that unemployment rose to five.1% in December, up zero.1% from the earlier month and 1.three% from a yr earlier. The variety of individuals on firm payrolls has dropped by 726,000 because the pandemic started final February, with 58.5% of the decline coming amongst individuals beneath 25.

The figures don’t present the total affect of COVID-19 restrictions on employment as a result of some 1.9 million staff stay on furlough. A authorities program covers 80% of their wages.

Prime Minister Boris Johnson on Monday introduced plans to slowly finish a nationwide lockdown in England in hopes of safely reopening the economic system and social life as an infection charges drop and widespread vaccinations scale back the risk from COVID-19.

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