Tag: unemployment

Young people hit as unemployment rate rises

Image copyright Getty Images The UK unemployment rate has risen to its highest level for almost two years, official figures show. The unemployment rate grew to 4.1% in the three months to July, compared with 3.9% previously. Young people were particularly hard-hit, with those aged 16 to 24 suffering the biggest drop in employment compared with other age groups. Firms… Read more →

Unemployment: Planned redundancies twice the rate of last recession

Image copyright Getty Images Image caption A number of household names have announced redundancy plans since the pandemic began Employers in Britain are planning more than twice as many redundancies than they did at the height of the last recession, new figures show. About 180,000 job cuts were planned from January to March 2009, while 380,000 were planned from May… Read more →

Furlough ‘must be extended’ to avoid mass unemployment, say MPs

Image copyright Getty Images The UK government should consider a targeted extension of its furlough scheme, MPs have said. The coronavirus crisis risks mass long-term unemployment and viable firms could go under without support, the Treasury Select Committee has warned. However, a blanket retention of the scheme would not be good value for money, it added. The Treasury said it… Read more →

Coronavirus: Support pledge as unemployment claims double in Wales

Image copyright Getty Images Image caption Coronavirus will have a “huge impact” on jobs in Wales, said Mr Skates Everyone aged over 16 in Wales will be offered help to find work, self-employment, education or training, a minister has said. Figures show the numbers claiming benefits in Wales have doubled compared with this time last year. There were 118,600 claimants… Read more →

Coronavirus: Support pledge for everyone facing unemployment

Image copyright Getty Images Image caption Ken Skates made the announcement at the Welsh Government’s daily news briefing Everyone aged over 16 in Wales will be offered help to find work, self-employment, education or training to help with the job losses expected in the coming months, a minister has said. Figures show the numbers claiming out-of-work benefits in Wales have… Read more →