Unemployment rate likely heading to 10% amid Covid-19 economic toll

//Unemployment rate likely heading to 10% amid Covid-19 economic toll

Unemployment rate likely heading to 10% amid Covid-19 economic toll

The number of people unemployed or on sick pay has effectively doubled overnight to over 10% of the labour force, and could rise again, with implications for Government budget spending, if the Covid-19 emergency measures extend through the summer, leading economists and business groups have estimated.

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By | 2020-03-16T20:35:00+00:00 March 16th, 2020|Business|Comments Off on Unemployment rate likely heading to 10% amid Covid-19 economic toll