Unemployment rate rises to 5% as 1.72million now without a job

AROUND 1.72million workers are now without a job as the unemployment rate rose to 5% in the three months to November.

The latest figures were revealed by the Office for National Statistics this morning.

The redundancy rate reached a record high of 14.2 per thousand in the three months to November

Meanwhile, the redundancy rate reached a record high of 14.2 per thousand during the same period.

The number of UK workers on payrolls has now fallen by 828,000 between February and December due to the coronavirus crisis, the ONS said.

It comes after the unemployment rate hit 4.9% in the three months to October, with 1.69million people without a job.

During the same period, redundancies also hit 370,000 workers.

Businesses made more workers redundant in the weeks leading up to when the furlough scheme was due to end.

Furlough was supposed to end in October but the scheme was extended at the last-minute until March 2021.

More to follow…

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