• About Us
  • Who Are We
  • Work With Us
Friday, March 31, 2023
No Result
View All Result
NEWSLETTER
The Globe Post
39 °f
New York
44 ° Fri
46 ° Sat
40 ° Sun
41 ° Mon
No Result
View All Result
The Globe Post
No Result
View All Result
Home Business

UK Unemployment Dips Despite End of Virus Jobs Scheme

Staff Writer by Staff Writer
12/14/21
in Business, World
UK unemployment

Unemployment rate in the UK slipped to 4.2 percent in the three months to the end of October. Photo: Carl Court/AFP

Share on FacebookShare on Twitter

Unemployment in Britain has fallen again, despite the end of a government scheme to keep millions of private-sector workers in their roles during the coronavirus pandemic, official data showed Tuesday.

The jobless rate — which measures the number of people out of work as a proportion of the working population as a whole — slipped to 4.2 percent in the three months to the end of October, the Office for National Statistics (ONS) said in a statement.

That compared with a rate of 4.3 percent in the three months to the end of September.

Nevertheless, the rate was still 0.2 percentage point higher than the level before the Covid crisis struck.

The government ended its costly scheme to furlough workers in September.

Meanwhile, the number of UK workers on payrolls rose by 0.9 percent between October and November to 29.4 million, the ONS calculated.

“With still no sign of the end of the furlough scheme hitting the number of jobs, the total of employees on payroll continued to grow strongly in November, although it could include people recently made redundant but still working out their notice,” said ONS economic statistics director Darren Morgan.

“The number on payroll is now above pre-pandemic levels right across the country.”

The ONS said that job vacancies in the three months to the end of November hit a new all-time high at 1.22 million.

“While job vacancies continue at record levels, the number is not growing as fast as it did earlier this year,” Morgan cautioned.

The news comes amid ongoing fears over the impact of the infectious Omicron coronavirus variant which surfaced in late November.

The data also come ahead of the Bank of England’s latest interest rate decision on Thursday.

Britain has tightened virus restrictions in England as Omicron cases surge, including guidance to work from home and mandatory Covid passes.

Prime Minister Boris Johnson has warned of a looming “tidal wave” of Omicron, and brought forward a target to give over-18s a booster jab by one month to the end of December.

The government also recently rolled out new travel curbs to try and prevent transmission of the variant.

The BoE had previously been expected to hike record-low interest rates to combat surging inflation — but Omicron has darkened the outlook.

“Today’s labor market report probably would have been strong enough to convince the (BoE) to raise bank rate at this week’s meeting, if Omicron had not emerged,” noted Pantheon Macro economist Samuel Tombs.

ShareTweet
Staff Writer

Staff Writer

AFP with The Globe Post

Related Posts

Rwanda's President Paul Kagame
Refugees

Rwanda President Says UK Migrant Deal ‘Not Trading in Humans’

by Staff Writer
April 23, 2022
refugees
Refugees

UK to Send Asylum-Seekers, Migrants to Rwanda

by Staff Writer
April 22, 2022
cricket
Featured

‘A Cultural Thing’: Cricket Defines British-Indian Identity

by Staff Writer
September 2, 2021
Tommy Robinson
Refugees

Judges Order UK Far-Right Figure to Pay Syrian Boy £100,000

by Staff Writer
July 22, 2021
Migrant boat
Refugees

80 Migrants Rescued in English Channel Trying to Reach UK

by Staff Writer
June 18, 2021
Astrazeneca logo
World

Severe Allergy Added to AstraZeneca Vaccine Side Effects: EU Regulator

by Staff Writer
March 12, 2021
Next Post
Covid-19

EU Health Agency Says Time Too Short for 'Vaccination Alone' to Halt Omicron

Japan

Mother to Sue Japanese Production Firms Over Netflix Suicide Case

Recommended

Damage from a series of powerful storms and at least one tornado is seen on March 25, 2023, in Rolling Fork, Mississippi

After Tornado Kills 25, Mississippi Faces More Extreme Weather

March 26, 2023
Transgender Army veteran Tanya Walker speaks to protesters in Times Square near a military recruitment centre

Tennessee Is A Drag on the First Amendment

March 26, 2023
participants of an artificial intelligence conference

How AI Could Upend the World Even More Than Electricity or the Internet

March 19, 2023
Chinese President Xi Jinping

China’s Path to Economic Dominance

March 15, 2023
Heavily armed police inspect the area near a Jehovah's Witness church where several people have been killed in a shooting in Hamburg, northern Germany

Eight Dead in Shooting at Jehovah’s Witness Hall in Germany

March 10, 2023
Myanmar Rohingya refugees look on in a refugee camp in Teknaf, in Bangladesh's Cox's Bazar, on November 26, 2016

US Announces $26M in New Aid for Rohingya

March 8, 2023

Opinion

Transgender Army veteran Tanya Walker speaks to protesters in Times Square near a military recruitment centre

Tennessee Is A Drag on the First Amendment

March 26, 2023
Chinese President Xi Jinping

China’s Path to Economic Dominance

March 15, 2023
An earthquake survivor reacts as rescuers look for victims and other survivors in Hatay, a Turkish province where hundreds of buildings were destroyed by the earthquake

Heed the Call of Our Broken World

March 1, 2023
Top view of the US House of Representatives

‘Cringy Awards:’ Who Is the Most Embarrassing US House Representative?

February 13, 2023
Protesters rally against the fatal police assault of Tyre Nichols, outside of the Coleman A. Young Municipal Center in Detroit, Michigan, on January 27, 2023

How Do Violent ‘Monsters’ Take Root?

February 3, 2023
George Santos from the 3rd Congressional district of New York

George Santos for Speaker!

January 16, 2023
Facebook Twitter

Newsletter

Do you like our reporting?
SUBSCRIBE

About Us

The Globe Post

The Globe Post is part of Globe Post Media, a U.S. digital news organization that is publishing the world's best targeted news sites.

submit oped

© 2018 The Globe Post

No Result
View All Result
  • National
  • World
  • Business
  • Interviews
  • Lifestyle
  • Democracy at Risk
    • Media Freedom
  • Opinion
    • Editorials
    • Columns
    • Book Reviews
    • Stage
  • Submit Op-ed

© 2018 The Globe Post