Unemployment rose like a rocket but will only fall like a feather | Torsten Bell

Research suggests joblessness will stay high for years after the pandemic

We are in a jobs crisis with 600,000 fewer employees on payroll and 2 million more of us on universal credit. Tackling this economic and human tragedy will become the central economic challenge of the early 2020s.

The Bank of England expects almost one in 10 of the workforce to be unemployed, the highest for 25 years. But will unemployment fall as swiftly as it has surged?