Huge rise in redundancies among young people
In the three months to November, people in that age group had a redundancy rate of 16.2 per 1,000, a fivefold increase on the same period a year earlier. Unemployment rose to 5% from 4.9% as Covid continued to hit the jobs market. Some 1.72 million were jobless, the Office for National Statistics said, the highest level in five years. Which sectors are worst affected by unemployment? The hospitality industry was worst hit by the rise in joblessness, followed by manufacturing.