CBI Lamour Market - CNA January 2021

LABOUR MARKET DETERIORATES FURTHER, WITH UNEMPLOYMENT AND REDUNDANCIES CONTINUING TO RISE

The latest ONS data covers the period between September and November 2020, providing a snapshot of labour market activity during a period of renewed restrictions across the country. The latest data shows a further decrease in employment, another sharp increase in unemployment with the unemployment rate reaching 5% – the highest rate since 2016, and another significant increase in redundancies to a record high of 395,000.

CNA International view

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