• GL
Choose your location?
  • Global Global
  • Australia
  • France
  • Germany
  • Ireland
  • Italy
  • Poland
  • Qatar
  • Spain
  • UAE
  • UK

UK employment rate falls

26 January 2021
Joanne Frew, Head of Employment at DWF comments on the latest ONS figures.
The latest ONS figures show the UK unemployment rate in the three months to November 2020 was an estimated 5%, 1.2% higher than a year earlier and 0.6% higher than the previous quarter.  In the three months to November 2020, the redundancy rate reached a record high of 14.2 per thousand people. Head of Employment at DWF, Joanne Frew, said:
 
"A proportion of the figures reported relate to a period of time when employers were expecting the Coronavirus Job Retention Scheme (CJRS) to end on 31 October 2020, it is perhaps unsurprising that we have seen a negative impact on the employment figures.  In addition, the four-week lockdown in November 2020 resulted in further difficulties for employers.  
 
"News that the CJRS has been extended to the end of April 2021 should help to mitigate the impact of the pandemic on job losses in the next three months. Unfortunately, this extended support is not enough for some businesses, which are already in financial crisis, particularly those in hospitality and retail.  As the impact of the third national lockdown takes its toll, we can expect further redundancies.  
 
"Early estimates for December 2020 indicate that the number of payrolled employees fell by 2.7% compared with December 2019.  Coupled with this there were 224,000 fewer vacancies than a year ago.  As stricter coronavirus, restrictions remain in place we can expect unemployment to increase in the coming months.  
 
"However, with the CJRS in place until the end of April 2021 and the mass vaccination programme in full swing, it is hoped that this will instil confidence in employers going forward.  If businesses are able to endure the next three months, utilising government support, the employment figures should stabilise."  

Further Reading

We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

Manage cookies

Your Privacy

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

Functional cookies

(Required)

These cookies let you use the website and are required for the website to function as expected.

These cookies are required

Tracking cookies

Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

They may also be used to personalise your experience on our website by remembering your preferences and settings.

Marketing cookies

These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.