The end of the furlough and the new social divide

Flip Chart Fairy Tales

“It’s begun,” said Resolution Foundation chief executive Torsten Bell, as the increase in unemployment fed through into the labour market statistics for the first time. He also reminded employers that there were 45 days to go until the end of the Job Retention Scheme, so consultations for any large scale post-furlough redundancy programmes would need to start now.

Until recently, the ONS labour market releases have had a slightly out-of-time look to them. Employment was still shown as being at record levels when we knew it wouldn’t be for much longer. The claimant count was rising but the employment numbers barely moved. The time-lag in labour force data and the furlough keeping many people employed, at least on paper, concealed the extent of the Covid-19 impact on jobs. (The Resolution Foundation did an excellent explainer a couple of months ago on why the employment figures seemed to be giving…

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