well the impact of the pandemic
continues to affect jobs the latest
figures show that the
uk unemployment rate has risen to its
highest level for more than three years
the office for national statistics says
that the rate increased to 4.5 percent
between june and august with younger
workers the hardest hit
and the prospect of tough local
restrictions could bring
more hardship again as our economics
editor faisal islam reports now
here in harrogate the music has stopped
playing
employers such as this night club
operator who had
held out over firing workers has now had
to make the toughest of decisions
it was without question the hardest
professional decision i've ever taken in
nearly 40 years in this industry and the
reason being i've been through two or
three recessions previously
where we had to make stuff redundant
this time we were in a position that
we're having to tell people that we're
going to lose their jobs
because we simply weren't allowed by law
to open not because the businesses
weren't viable
not because the customers didn't want
the product
they were sacrificing themselves for the
public health agenda
this is what's driving up rising
joblessness
the unemployment rate at 4.5 percent is
at a three-year high
though still relatively low by
international and historic standards
the number of redundancies was up over
the same period by a record
as the furlough scheme began to be
unwound redundancies are at their
highest level
since the financial crisis there were
some silver linings
government support in august helps his
surge in vacancies
and workers on company payrolls
stabilize slightly up
still over 600 thousand down on march
joblessness has jumped and is set
to surge further in the coming months it
is one side of a complicated
and concerning balancing act between
protecting lives
and livelihoods and whatever happens
with lockdowns
this tightrope is here to stay over the
coming months
and that means very tricky decisions
on jobs for employers right now
the international monetary fund warned
today of the lasting damage
from the pandemic to all major economies
here the governor of the bank of england
told mps that some jobs will not return
it increases the importance of the need
to ensure that people can
move jobs retrain gather
get new skills get skills to match the
direction in which the change is
happening
when the government say back in
harrogate kim a back office worker
in the nightclub business fears even the
new two-thirds wage support policy
is not enough i can't pay a decreased
amount of my bills and how is my
employer supposed to pay
my um ni and pension with no income
how has it affected things generally um
i feel stressed all the time and
and it's awful it's not good for my
well-being
three-way balancing act of lives
livelihoods
and the limits of government support is
now going to be with us
for some months faisal islam bbc news