The British Office of National Statistics announced that the unemployment rate rose to 5.1 percent in December 2020 in the country. The unemployment rate in the UK thus reached its highest level since May 2016.
In the ONS statement, it was stated that the number of payroll employees in the records of the companies decreased by 726 thousand compared to the pre-epidemic. This indicates that despite the ongoing salary support program in the UK, employment has decreased during the epidemic.
The number of unemployed in the country reaches 1.74 million
In the ONS statement, it was also noted that approximately 425 thousand of those who lost their jobs during the epidemic were under the age of 25. The total number of unemployed in the UK in the last quarter of 2020 increased by 454 thousand compared to the same period of the previous year and reached 1.74 million.
The British government is planning to end the salary support program, which currently benefits about 10 million people, at the end of April.
Britain’s unemployment rate was at 5 percent in November 2020.