Markets.News
The recent report revealed a significant increase in unemployment rates, with over 10 million people now out of work. The latest figures show a 3% rise in joblessness, bringing the total to 7.5% of the population. The hardest-hit sectors were hospitality and retail, experiencing a 5% surge in layoffs. Additionally, there was a notable decrease in job vacancies, down by 20% compared to last year. Experts attribute this spike in unemployment to the ongoing economic downturn caused by the global pandemic. Moreover, the government is facing mounting pressure to provide support and aid to those affected by the crisis, as the situation continues to worsen.