Deloitte's senior economist comments on today's labour market figures has been saved
Deloitte's senior economist comments on today's labour market figures
15 September 2020
Commenting on the latest labour market figures from the ONS, Debapratim De, senior economist at Deloitte, said:
“The furlough scheme has been very effective in cushioning the blow from the pandemic to the labour market. But cracks are beginning to show, with unemployment rising – particularly among younger workers - and redundancies hitting their highest level in almost eight years.
“Although growth has bounced back in the third quarter, the recovery is likely to be slow and uneven, with a sharp rise in unemployment almost unavoidable once the furlough scheme ends.”
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