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The government's furlough scheme has almost certainly helped prevent a large rise in unemployment over COVID-19 (so far)
Jonathan Wadsworth November 2020
Paper No' :

Tags: covid-19; wages

Jonathan Wadsworth explains why the furlough scheme seems to have done its job in preventing mass layoffs, as well as other reasons why the total entering unemployment is still much lower than in the 2008-2011 downturn.