UK jobless rate highest since 2016 as second COVID-19 lockdown hits

Britain’s unemployment rate hit its highest in nearly five years in the three months to November, when coronavirus cases began to rise for a second time and most of the country returned to a partial lockdown. Redundancies touched a record high, taking the unemployment rate to 5.0%, its highest since mid-2016, according to official data, although the increase was slightly weaker than economists’ forecasts. There were some signs of a limited recovery in December, when lockdown measures eased, although a deterioration is likely in early 2021 as a tougher lockdown shut schools and closed most non-essential businesses to the public.