Latest ONS unemployment data

ended 16. August 2021

On Tuesday @ 07:00, the Office for National Statistics is publishing the latest unemployment data. It's unlikely to show a rise in job losses, as the furlough scheme is still in place. What we want to know is:

  • Is the Bank of England wildly over-confident when it says unemployment has peaked, given that the furlough scheme is about to end?
  • Are companies, in your experience, confident about recruiting, or cautious? Which sectors are strong, and which are weak?
  • Are the wheels going to come off the economy in the Autumn, as the furlough scheme comes to an end?

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1 responses from the Newspage community

The wheels are unlikely to come off, it ll be more along the lines of a rebalancing process over the next qtr, we re definitely not out of the woods but confidence does seem to be rising further amongst our clients. The CIPD have announced that they also predict a rise in confidence as far as the recruitment market goes with 2 out of 3 companies planning to take on new staff. I’m more interested to see the result of the ONS survey next quarter as this will be more of a reflection on what’s really going on and not masked by the ongoing furlough conversations.