Record increase in redundancies in August – October 2020
16 December 2020
Figures released by the Office for National Statistics (ONS) highlight the fact that there was a record spike in redundancies in the three months to October.
The jobless rate has now reached 4.9%, which is an increase from the 4.8% recorded in September. The number of UK workers on payrolls has fallen by 819,000 between February and November 2020, which has been largely due to the effect of the outbreak of coronavirus.
Additionally, the ONS estimates that approximately 4.5 million workers are currently on furlough.
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