Economics for Business: Unemployment Rate in UK during Pandemic

Economics For Business

Table Of Content
Introduction
The unemployment rate in the UK during
the pandemic
Reason of unemployment rate
Conclusion
References

Introduction
Business economics is a branch of financial mathematics that
looks at the financial, organizational, business, and
environment protection that businesses confront. The idea of
shortage, facilitating conditions, circulation, and demand are
all covered in business and finance. For this report selected
topic is “What happened to the unemployment rate in the UK
during the pandemic and why?” In this report consist of effect
of pandemic on the unemployment rate in broad manner.

The unemployment rate in the UK during
the pandemic
As per the Office for National Statistics, the most current unemployment
figure was 4.8 percent for the period January to March, while most of
the limitations were still in effect (ONS). It implies that one out of
every 20 persons looking for work is unable to obtain one.