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U.K. economy has shed 700,000 jobs since March. But the worst may be yet to come

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The U.K. economy has shed nearly 700,000 jobs since March because of the lockdown forced on it, with five million people still temporarily kept away from work, the U.K.’s statistics office said on Tuesday.

– The U.K. unemployment rate rose to 4.1% in the three months to July, mostly due to the increase in the number of unemployed young people. This remains one of the lowest in Europe, where it stood at 7.2% in the European Union in July.

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