Mixed bag from UK jobless data: bad top line with unemployment highest since mid-2016 and a record number of redundancies. But some economists see a silver lining: net job losses lowest since pandemic began, and a tentative rise in hiring in Dec https://reut.rs/2YsezkN 
That said, things are likely to get worse before they get better - all these figures are before January's lockdown, and Sunak will be under pressure to extend CJRS beyond April 30 at his budget on March 3. ING see unemployment rising to 6-7% if the furlough scheme isn't extended.
And @keithbchurch has a good thread here highlighting some of the ONS charts on redundancies and regional unemployment trends in more detail 👇 https://twitter.com/keithbchurch/status/1353969267847421952?s=20
You can follow @david_milliken.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.