unemployment news and archive

Steep rise in UK unemployment amid lockdown

There was a steep rise in the UK’s unemployment rate and a record number of redundancies from September to November 2020, new data reveals. The country’s unemployment increased to 5 percent over the three months, representing an estimated 1.72 million people. That figure was 1.2 percent higher than a year earlier and 0.6 percent higher than the...

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Business|INTERVIEW

Study: 158,000 jobs and 13,000 apparel and textile companies could disappear by 2021

An unprecedented disruption of retail, production and trade like the current one could send the European textile and apparel industry into a tailspin. In its recent report “Bruised but not beaten, Europe’s textile industry is a perfect candidate for a greener and digital recovery”, credit insurance company Euler Hermes predicts turnover to fall...

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Retail

Retail’s employment decline is a much older phenomenon than most people think

There isn’t a day that newspapers don’t publish something about the so-called retail apocalypse, prompting many to think the high street has been hit by a sudden, unexpected string of mass layoffs. But nothing could be further from the truth, as retail’s employment decline is actually a long-run trend, according to a new report by Resolution...