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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