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rdf:type	schema:NewsArticle
schema:articleBody	Britain's unemployment rate dipped slightly in the three months to the end of February, official data showed Tuesday, but analysts warned it could climb again once the government removes pandemic support for jobs. At 4.9 percent, the proportion of people out of work remained close to multi-year highs, but fell slightly from 5.0 percent in the three months to the end of January, the Office for National Statistics said in a statement. While joblessness was 0.1 percentage points lower than the previous quarter, it was 0.9 percentage points higher than a year earlier, the ONS said. It had already dipped from a near five-year high of 5.1 percent in the final calendar quarter of last year. Analysts expect the rate to shoot higher again however once the government removes its jobs support package paying the bulk of wages for millions of private-sector workers during the pandemic. "The slight fall in the unemployment rate in February suggests that the government's job furlough scheme is still insulating the labour market from the worst effects of the pandemic," noted economist Thomas Pugh at Capital Economics research group. "We still expect the unemployment rate to rise to a peak of 6.0 percent by early 2022, but that would be a much better result than most feared only a few months ago." Following the latest data, British finance minister Rishi Sunak said "protecting jobs and the economy has been my main focus since this pandemic began" with 11.2 million workers furloughed. The government recently began lifting strict lockdown restrictions, allowing people to once more enter clothes shops, eat in outdoor areas belonging to restaurants and pubs, get their hair cut in salons and visit gyms. Britain's economy meanwhile rebounded in February despite coronavirus curbs, sparking optimism over the outlook, recent official data showed. Gross domestic product rose by 0.4 percent in February after shrinking by 2.2 percent in January amid the country's vaccine rollout. bcp/rfj/tgb/lth
schema:headline	Pandemic furlough scheme keeps lid on UK unemployment
schema:mentions	Furlough Office for National Statistics Rishi Sunak Gross domestic product Lockdown Pandemic United Kingdom Vaccine Coronavirus disease 2019 Capital Economics Economy Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)

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