Call 020 7794 5757 - Email info@numerallp.com

UK unemployment rate falls to 4.8% in March

The UK's unemployment rate fell slightly to 4.8% in the three months to March despite the country still being in lockdown, according to the Office of National Statistics (ONS).

18 May 2021

The UK's unemployment rate fell slightly to 4.8% in the three months to March despite the country still being in lockdown, according to the Office of National Statistics (ONS).

It is a drop from the 4.9% rate recorded by the ONS in February.

The number of payroll employees increased for a fifth consecutive month in April, though the number of payroll employees remains 772,000 below pre-pandemic levels.

The largest falls in jobs since February 2020 have been in the hospitality sector, among those aged under 25 years, and those living in London.

Meanwhile, job vacancies hit their highest level in more than 12 months.

Commenting on the figures, Matthew Percival, Director of People and Skills at the Confederation of British Industry (CBI), said: 'Having the highest number of vacancies since the pandemic first hit shows the value of the roadmap for reopening the economy.

'However, businesses are starting to report vacancies they're struggling to fill so government support for skills and retraining is essential.

'Businesses increasingly need to know what rules will be in place after 21 June to make their next reopening decisions.

'They're hoping to avoid any further bumps in the road and will be closely watching the trajectory of new variants and the conclusion of reviews into social distancing and COVID-status certificates.'

Newsletter sign-up

Why not register to receive our Monthly Newswire?

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Sign-up today

Try a site search Tax return, dividends, pension, autumn statement...

Company details

020 7794 5757

Numera, 4th Floor Charles House, 108-110 Finchley Road, London NW3 5JJ

Numera is a trading name of Numera Partners LLP | Company Registration No. OC365787 | Place of Registration: England & Wales | Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.

About us

Numera is a newly established forward-thinking firm of chartered accountants, with over 25 years in experience of audit, accountancy, taxation and business advisory services.

We work with clients in a large variety of industries and sectors; from sole traders to multi-million pound turnover organisations. We aim to create and maintain a close relationship with our clients. By being so involved, we are able to identify opportunities for our clients as well as possible risks that our clients may be faced with.

© 2024 Numera. All rights reserved. We use cookies on this website, you can find more information about cookies here.