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In Domestic Affairs

Unemployment rose again in August

13th October 2020

Unemployment rose again in August Pin It

Unemployment in the United Kingdom rose again between June and August. The increase is 4.5% stronger than expected, as figures from the National Statistical Office show. Between May and July, 4.1% of the labour force was unemployed.

In the months of June to August, another 153,000 British lost their jobs. As a result, the total number of British unemployed has fallen to 673,000 since March. In september, however, the number of people employed by companies rose to 20,000. But unemployment figures are not yet available for that month.

The UK central bank predicted an unemployment rate of 7.5% by the end of this year by reducing the government ‘ s COVID-19 disease measures to maintain jobs. However, the figures are not so bad.

With the GBP 50 billion aid package, the government pays a large part of the wage bill for workers who are temporarily unemployed at home. A new, less comprehensive package is expected in November.

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