Jobless crisis shows signs of easing but under-25s hit hard – News 24-7 Live News 24-7 Live
Jobless crisis shows signs of easing but under-25s hit hard

Jobless crisis shows signs of easing but under-25s hit hard

The number of workers on company payrolls in the UK climbed by almost 200,000 in the three months to February, amid signs that the jobs market may be stabilising.

However, the number on payrolls is still 693,000 lower than last February, before Covid lockdown measures began.

It comes amid growing optimism that the vaccine rollout will lead to a faster-than-expected economic recovery.

The official unemployment rate now stands at 5%, down from 5.1% before.

Sam Beckett, head of economic statistics at the Office for National Statistics, told the BBC’s Today programme there was still a lot of uncertainty in the jobs market.

She added that people aged under 25 continued to bear the brunt of the job losses.

News Source:- Bbc

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