It’s remarkable how quickly the fear keeping policymakers awake at night has shifted from there being too many people out of work to there not being enough people to fill all the vacant jobs. Interestingly, the furlough scheme minimised the rise in unemployment during the worst of the pandemic and the closure of the scheme at the end of September may help to ease the current labour shortages.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services