MOD3327 - UK Unemployment Rate During COVID-19 Pandemic Analysis

This report examines the impact of the COVID-19 pandemic on the unemployment rate in the UK. It highlights that many individuals faced redundancy due to the crisis, leading to an increase in the unemployment rate. The report uses statistics to show the percentage of business closures and the impact on women and younger people. It references payroll data and concludes that sectors like shops, pubs, and hotels were significantly affected. The report emphasizes the importance of analyzing unemployment rates to understand the economic growth of the country. References include books, journals, and online articles, providing a comprehensive overview of the subject.

What happened to the
unemployment rate in
the UK during the
pandemic and why

INTRODUCTION
 There are a lot of people who are redundant in the UK because of the rising cases and
crisis of the COVID-19.
 Unemployment refers to the people who are unable to get the job because of the issues.
 The report includes the information about the unemployment rate in the UK during the
pandemic which people face.
 The report includes the unemployment rate and because of this people faces major
issue in their lives.

Unemployment rate in the UK
 Unemployment describes the scenario that when people want to work, but they are unable to do because of the lack of
jobs (Blanchflower, and Bryson, 2021).
 Unemployment in the country that percentage is collected by the government for analysing the economic growth of the
country (Victor, and et.al , 2021).
 The women have been hit by the pandemic and the crisis in 5% fall in 2020 as compared the men (COVID crisis to push
global unemployment over 200 million mark in 2022, 2021).
 According to the statistics the 60 percentage of the business were closed because of the COVID-19 crisis (COVID-19 in
the United Kingdom Assessing jobs at risk and the impact on the people and places, 2020).
 Payroll of the employee since the pandemic start many people estimated pay rolled using the
HMRC PAYE data (Wylie,2021).

CONCLUSION
 Summarize report conclude the information about the unemployment rate in the
country by which people get affected because of the pandemic.
 Many people get affected because of the pandemic and their jobs too.
 Concluded report describe the majority of the younger people get unemployed in the
pandemic.
 Shops, pubs, hotels are the major sector in which people get unemployed.

REFERENCES
 Books and Journals
 Blanchflower, D.G. and Bryson, A., 2021. The economics of walking about and predicting unemployment (No.
w29172). National Bureau of Economic Research.
 Wylie, E., 2021. The Impact of Covid-19 and the Lockdown on the UK Economy.
 Victor, and et.al , 2021. From a Recession to the COVID-19 Pandemic: Inflation–Unemployment Comparison
between the UK and India. Economies, 9(2), p.73.
 Online
 COVID crisis to push global unemployment over 200 million mark in 2022, 2021. [ Online]. Available through; <
https://news.un.org/en/story/2021/06/1093182>