Latest Issue

Countering the threat of mass unemployment

Rishi Sunak’s plan for jobs will help but may yet prove inadequate

By Paul Wallace  

Photo: WIktor Szymanowicz/NurPhoto/PA Images

One generally bright spot in an otherwise poorly performing economy over the past decade has been the labour market. Jobs became plentiful and the unemployment rate sank last year below 4 per cent of the labour force, its lowest since 1974. That achievement is now in peril. A breaking wave of job losses resulting from the coronavirus crisis threatens mass unemployment on a scale not experienced since the 1980s, when the jobless rate peaked…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect