Category: Labour markets

Are 9.3 million people really still on furlough?

One of the biggest threats to the economic recovery is a second wave of job losses as the government’s job retention scheme (JRS) is wound down. The Resolution Foundation has some good analysis here. Nonetheless, the headline figure of 9.3 million for the number of jobs that have been supported by the JRS may overstate … Continue reading Are 9.3 million people really still on furlough?

UK unemployment – how bad will it get?

he UK’s latest labour market data, released this morning, have predictably led to fresh calls for even more state intervention to ‘create’ jobs, or at least ‘protect’ them. But the most important thing the government can do now is to continue to lift the lockdown. Let’s deal briefly first with the headline unemployment rate, which … Continue reading UK unemployment – how bad will it get?

School closures carry a heavy economic price

Many people are increasingly worried about the slow pace of school reopening in the UK. The focus has mainly been on the harms done to the welfare of children and their families - well expressed here by the Royal College of Paediatrics and Child Health (RCPCH). But there are also rising concerns about the wider … Continue reading School closures carry a heavy economic price