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The unemployment rate in the UK is at a three-year high.

The UK unemployment rate hit 4.5% in August 2020, the highest in more than three years since early 2017, due to the COVID-19 pandemic.

The UK unemployment rate hit 4.5% in August 2020, the highest in more than three years since early 2017, due to the COVID-19 pandemic.The unemployment rate in the UK spiked higher in August 2020 amid the COVID-19 pandemic. On October 13, the Office for National Statistics said that for June to August 2020, an estimated 1.52 million people were unemployed, 209,000 more than a year earlier, and 138,000 more than the previous quarter. The unemployment rate jumped to 4.5%, while redundancies stood at 227,000. It is the highest rate since early 2017, from 4.1% in the previous quarter.

Meanwhile, Bank of England Governor Andrew Bailey told the House of Lords Economic Affairs Committee that the second wave of coronavirus cases hitting the UK economy is likely to increase the long-term damage to the economy as businesses and consumer behavior changes. Further, Jonathan Athow, the ONS's deputy national statistician for economic statistics, said overall the employment is down about half a million since the pandemic began, and particular groups seem to be most affected, young people in particular.

The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.

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