Coronavirus: Unemployment could hit SIX MILLION next month, warn economists – ‘horrendous’ outlook

Unemployment could hit SIX MILLION next month, warn economists – ‘horrendous’ outlook [LINK]

A paper published by the National Institute of Economic and Social Research (NIESR), and authored by David Blanchflower, a Dartmouth College professor and former Bank of England (BoE) policy maker, and David Bell, a professor at the University of Stirling, makes for depressing reading.

In it they write: “What is coming in the labour market looks horrendous.

“We estimate that unemployment will rise by around 5 million workers from 1.34 million to over 6 million by the end of May.”

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