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Economy

Waiting for the third wave of unemployment

Andy Fyers
Mon, 02 Nov 2020

Waiting for the third wave of unemployment
Andy Fyers
Mon, 02 Nov 2020
Fewer than 1,000 workers are being supported by the wage subsidy, according to the latest data.The scheme that has supported businesses to pay almost 1.8 million workers since April is finally winding up. But a much-anticipated third wave of unemployment does not appear to be materialising as expected.The first wave occurred from March to May as the lockdown and initial covid uncertainty took a toll on the labour market. The second came from June to September as the initial 12-week wage subsidy came to an end. That also coincided with...

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