Britain’s unemployment rate for June and jobless claims for July will likely remain upbeat. That may the reaction for anyone looking at the UK’s unemployment rate – a remarkable 3.9% in May, deep into the crisis and no different than January, when Brexit was all the rage. Britain has had its share of suffering from COVID-19 – with one of the world’s highest death rates and a near-death experience for Prime Minister Boris Johnson. […] Economists expect June’s jobless rate to remain at 3.9%, and after three months of positive surprises, that makes perfect sense. […] A truly horrible report – potentially a mix of a leap in June’s unemployment rate and a surge in July’s claims is needed to change the picture.
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