The UK unemployment rate increased notably in the third quarter and redundancies reached a record high as firms reduced staffing after the government scaled back the furlough scheme, which was extended this month till March-end next year.
Data from the Office for National Statistics showed that the ILO jobless rate rose by 0.7 percentage points from the previous quarter to 4.8 percent in the three months to September. This was the highest since November 2016 and came in line with expectations.
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