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UK redundancies rise at sharpest rate since 2009

This is a syndicated repost published with the permission of Statista | Infographics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

The latest employment statistics from the Office for National Statistics published today reveal the sharpest increase in redundancies in the country since 2009. The figure of 156 thousand represents an increase of 58 thousand year-over-year and one of 48 thousand when compared to the previous quarter. This makes for the highest amount since 2012 but is still a long way below the levels recorded due to the financial crisis.

As noted by the ONS, these figures are made up of people made redundant and those taking voluntary redundancy over a three month period. Planned redundancies are not factored in.

This chart shows the number of redundancies in the UK from 2005 to 2020.

uk redundancies

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