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  • the British public and investors cheered Monday's vaccine news from Pfizer and Biotech.

  • But data on Tuesday showed some hard month still lie ahead for many Britons.

  • Employers made a record number of staff redundant in the third quarter on the jobless rate jumped.

  • The numbers showed the labor market declined rapidly before Finance Minister Richie Sirnak made a U turn on extending support for furloughed workers.

  • A record 314,000 British workers were made redundant in the three months to September, and the unemployment rate rose to 4.8% its highest since 2016.

  • 1 economist told Reuters that with the second lock down set to send the recovery into reverse, the unemployment rate may yet timeto about 9% next year.

  • The Bank of England expects over five million employees to need government support this month, up from just over two million in October.

  • Similar data out of Frantz also revealed the damage being done by a second wave of infections.

  • Its unemployment rate rose to a two year high of 9% in the third quarter.

the British public and investors cheered Monday's vaccine news from Pfizer and Biotech.

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B1 unemployment rate unemployment redundant record rose quarter

UK redundancies hit record high as job market slumps in Q3

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    林宜悉 posted on 2020/11/11
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