UK jobs recovery could falter until end of 2023, says OECD
by Phillip Inman from on (#5KYVN)
Analysis suggests recent rise in employment will go into reverse over next six months
Britain's jobs recovery could be delayed until the end of 2023 as thousands of workers struggle to find employment as the furlough scheme is phased out this year, according to analysis by the Organisation for Economic Co-operation and Development (OECD).
A rise in the employment rate in recent months will go into reverse over the next six months before it regains momentum in 2022 and climbs back to its March 2020 level of 75.5%, the OECD forecast.
Related: Ending furlough scheme too early could damage recovery, say trade unions
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