UK NEWS: The unemployment rate in the UK is very high since 2016 as the impact of the epidemic is getting worse

The government expects the unemployment rate to rise to 7.5%, and a possible exit from a single European Union market will make it more difficult for the economy to recover.

UK unemployment increased in the three months to October, highlighting the brutal impact of coronavirus on the economy.

These figures will rekindle criticism of Exchequer Councilor Rishi Sunak’s late action as it expands its funding programs for businesses that have been hit hardest in the last 300 years. Many firms had already decided to hire people with an ax. The number of job seekers has risen by 241 000 during the period, which has taken the unemployment rate to 4.9%, the highest since 2016, the National Bureau of Statistics said on Tuesday.

It followed an increase of 243,000 in the third quarter, the last increase in financial crisis in 2009. The retrenchment, also known as retrenchment in the UK, increased by 217,000 records to October, with the number of registered people being 819,000 below the apartheid levels in November.

The government expects the unemployment rate to rise to 7.5%, and a possible exit from a single European Union market will make it more difficult for the economy to recover.

Rolls-Royce Holdings Plc is cutting more than 5,000 jobs this year as it has reduced air travel to repair its aerospace engine business. Heathrow Airport, Britain’s busiest airline, says it is trying to avoid a reduction in staff by starting pay cuts, causing more than 1,000 workers to strike earlier this month.

The Bank of England stepped up its efforts again in November, expanding its $ 150 billion ($ 198 billion) bond-buying program and predicting a decline in the fourth quarter. Its next policy announcement is due Thursday.

Since October, the emergence of vaccines has boosted hopes that the UK economy may begin to return to normal by 2021, despite new trade barriers from Brexit.

Bloomberg Economics now sees the unemployment rate increase by 7% next year, instead of 7.3%. However, the Confederation of British Industry does not see emissions returning to pre-epidemic levels until next year.

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