End of furlough scheme had smaller than feared impact on unemployment

Supported workers still more likely to lose jobs, but sector shortages cushion worst anticipated effects

Staff who were placed on furlough are six times more likely to lose their jobs than other workers – but the end of the scheme had little impact on the levels of unemployment, an assessment of the programme has revealed.

There had been concerns that with more than a million workers still on the scheme when it came to an end last month, its withdrawal could lead to a spike in unemployment and dent the UK’s stuttering economic recovery from the pandemic.

Continue reading…

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments