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Europe Inc. Returns to the Skies
Analysis: Economy appears to have avoided worst Covid damage, but most vacancies are in low-paid roles
Job vacancies are soaring, unemployment is down and redundancies remained low ahead of the furlough scheme ending. Two weeks before delivering his landmark post-lockdown budget, the signals appear at first glance to be encouraging for Rishi Sunak.
On the surface, Britain’s labour market seems to have avoided the worst damage from Covid-19. The number of workers on company payrolls has risen back above pre-pandemic levels to reach a record 29.2 million, while unemployment per job vacancy has collapsed.
