LONDON: Britain’s unemployment rate rose for the first time since the coronavirus lockdown began in March but official data published yesterday also showed a less severe fall in employment than feared.
The unemployment rate increased to 4.1% in the three months to July from 3.9% in the April-June period, the Office for National Statistics said.
Economists polled by Reuters had expected the unemployment rate to rise to 4.1%.
However, the fall in the number of people in employment was a relatively small 12,000 compared with a median forecast for a fall of 125,000 in the Reuters poll.
Figures from Britain’s tax office showed the number of staff on company payrolls fell by 695,000 between March and August, versus a sharply revised 659,000 in the March-July period. — Reuters
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