Commenting on the latest labour market figures from the ONS, Debapratim De, senior economist at Deloitte, said:
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“The furlough scheme continues to shield the labour market from the worst effects of the pandemic. With its extension to April, we expect unemployment to remain somewhat steady until spring, with a potential jump in the second quarter. Much depends on the vaccination programme and whether it enables a material easing of restrictions by the summer, allowing the economy to quickly reabsorb the majority of furloughed employees.”
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