The UK's unemployment rate rose to 4.8% in the three months to September, up from 4.5% as coronavirus continued to hit the jobs market.

Iran PressEurope: The number of people in work fell by 247,000, the largest annual decrease in more than a decade, the Office for National Statistics (ONS) said.

Firms made more workers redundant in anticipation of the end of the furlough scheme, which was originally supposed to finish at the end of October.

It will now last until 31 March.

France’s unemployment rate also rose to 9.0% in the third quarter from 7.1% in the second quarter. The INSEE national statistics office said on Tuesday, as the euro zone’s second-biggest economy grapples with the hit caused by the COVID-19 crisis.

According to Reuters, INSEE had already warned earlier this year that France’s unemployment data for the first two quarters of 2020 was skewed because of the mid-March to mid-May lockdown, which reduced the number of those technically classified as unemployed since it had been impossible for them to look for jobs.

The Bank of France said earlier this week that France’s economic activity was 12% lower than normal this month after the country entered a lockdown to curb the spread of the COVID-19 virus for the second time this year.

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