About: http://data.cimple.eu/news-article/acd5318ee6dfee65081702784242323bcdc245419b035f6dac84882a

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Britain's unemployment rate has jumped to 4.8 percent as the coronavirus pandemic destroys a record number of UK jobs, official data showed Tuesday. The reading for the third quarter compared with an unemployment rate of 4.5 percent for June-August, the Office for National Statistics said in a statement. "The employment rate has been decreasing since the start of the coronavirus pandemic, while the unemployment rate is now rising sharply," the ONS said. "Redundancies have reached a record high," it added. Since the start of the UK pandemic in March, the number of payroll employees has dived by 782,000, the data showed. In the third quarter, or July-September period, UK redundancies reached a record high 314,000. This surpassed the quarterly record in the wake of the global financial crisis in 2009, the ONS said. "Today's figures underline the scale of the challenge we're facing," finance minister Rishi Sunak said in a separate statement. "I know that this is a tough time for those who have sadly already lost their jobs, and I want to reassure anyone that is worried about the coming winter months that we will continue to support those affected," he added. The latest figures come with most of the UK in a second lockdown. Consequently, the government of Prime Minister Boris Johnson has extended its furlough scheme paying the bulk of wages for millions of workers until the end of March. This came after the government planned to water down the jobs support scheme ahead of the current month-long lockdown in England that has shut hospitality venues and non-essential shops. Tej Parikh, chief economist at the Institute of Directors, said the government's U-turn on its furlough programme came too late for many workers. "In the autumn, employers faced difficult decisions around retaining staff as government support looked set to decline." "Unfortunately, the change appears to have come too late in the day for some." bcp/bmm
schema:headline	UK sheds record number of jobs in pandemic fallout
schema:mentions	Furlough Great Recession Office for National Statistics U-turn Prime Minister of the United Kingdom Rishi Sunak Tej Boris Johnson England Lockdown Pandemic United Kingdom Coronavirus disease 2019 Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	65 (xsd:integer)

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