. . LevelMagazine – GB – U. . K unemployment rate jumps as layoffs hit record highs

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LONDON – unemployment in the US. K. . rose in the three months to October when layoffs hit a record high.

The unemployment rate rose to 4. 9%, the highest level since the summer of 2016, said the office for national statistics on Tuesday as the coronavirus pandemic continued to affect economic activity.

>. The government had planned to end wage subsidies for companies that keep idle workers on their payroll in late October, although it decided in early October to extend them for an additional six months.

An attempt by a group of lawmakers from both sides of the aisle and both houses of Congress to put together a coronavirus aid package would expand and revitalize some of the most popular provisions of the CARES act from March – with one major exception.

Unemployment, Bloomberg, UK Unemployment

LevelMagazine – GB – U. . K unemployment rate jumps as layoffs hit record highs
Related Title :
UK jobless rate jumps when layoffs hit record high
UK unemployment rate reaches highest since 2016 as Virus Impact Builds

Ref: https://www.marketwatch.com

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