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A new report finds that though hiring is set to continue following the end of the furlough scheme, unemployment is predicted to see a fresh rise. New research conducted by the Resolution Foundation warns that, although unemployment hasn’t hit predicted levels, it is still expected to see a new rise in light of the furlough scheme phasing out at the end of this month (September). Earlier last year, the Office for Budget Responsibility forecast unemployment levels could rise as high as 10 per cent due to COVID-19’s effect on the labour market. However, the Bank of England recently expressed that this peak had already passed, with unemployment expected to reach under half of this amount (4.7 per cent) by the end of this year. Despite this, with the furlough scheme coming to a close at the end of this month, the think-tank predicts this will still have an impact on a sizeable amount of staff. In particular, the research shows that should furlough rates continue to fall at the same pace as they did between April and June, when the economy was reopening, around 900,000 employees would still be on the scheme at the time of its closure. However, this
