UK unemployment rate is set to rocket, even with the furlough scheme
by Larry Elliott from on (#53N00)
Official figures have not yet caught up with the bleak jobs market - and the crunch point is still to come
Britain's labour market has been paralysed by the Covid-19 lockdown but you would never know it from government figures showing employment at a record high and the jobless rate below 4%.
Benjamin Disraeli was right on the money when he said there were three kinds of falsehoods - lies, damned lies, and statistics. Rarely has the former prime minister's dictum seemed more apposite.
Related: UK jobless claims soar by nearly 70% in April amid coronavirus crisis
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