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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…

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