Stuart Gentle Publisher at Onrec
08 Feb 2021|
Unemployment continues its ominous ascent but is kept in check for now by the furlough scheme
In response to the latest ONS labour Market statistics. Jon Boys, labour market economist for the CIPD, the professional body for HR and people development, comments:
“Unemployment has continued its ominous ascent to 5%, but for the moment it s being kept in check by the furlough scheme. Official forecasts expect it to peak just below 8% but the risks of higher levels of job losses are heightened without a further extension of the furlough scheme to at least the end of June.