The UK jobless claims rose at a record pace in April as lockdown to contain the spread of coronavirus, or Covid-19, took its toll on labor market, data from the Office for National Statistics showed Tuesday.
The number of jobless claims increased by a record 856,500 to hit 2.096 million in April. The claimant count rate rose to a seasonally adjusted 5.8 percent from 3.5 percent a month ago.
The increase was limited by government's Coronavirus Job Retention Scheme, which is currently paying wages to about 7.5 million people.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.