You can’t blame the virus for poor productivity

COMMENT The UK’s unemployment rate rose to 4.8% in the three months to September, up from 4.5% in the previous quarter. This figure is expected to reach 7.5% as we get closer to the bottom of Rishi’s Free Money Pot. The metrics across the pond are not much different. Prior to the pandemic, the US entered 2020 with an unemployment rate of 3.5%. At the end of October 2020, it stood at 6.9%.
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