Stats on Growth and Jobs Flashcards
1
Q
In 2020, because of COVID, how much did GDP fall by
How well did it recover in 2021
A
- GDP dropped by 9.9% in 2020
- Recovered by 6.8% in 2021
2
Q
How much did unemployment increase by during 2020 due to COVID
What is it now
A
Reached 5.1% in 2020 - this was mitigated slightly by furlough scheme
Fallen to 4.2% now
3
Q
Job vacancies is a key problem within the UK labour market
By the end of 2021 how many job vacancies were there
A
high of 1.2 million
