Via The Economist

AFTER YEARS of robust health, labour markets have taken a dramatic turn for the worse. With the pandemic forcing shutdowns, many people are working fewer hours, if at all. Internet searches for “unemployment”, often a timely indicator of joblessness, are at record highs. Economists at Goldman Sachs expect the unemployment rate to reach 15% in America later this year. That is the highest for the best part of a century.

This article appeared in the Finance and economics section of the print edition under the headline “The labour market’s turn for the worse”

Reuse this contentThe Trust Project


READ ALSO  Antitrust in the digital economy: IGM Forum survey