Unemployment hope for shares

Chris Dillow

Chris Dillow
Unemployment hope for shares

Unemployment is going to rise. The Bank of England said last week that it expects the official jobless rate to rise from 5 per cent now to around 7.7 per cent by June – although its trajectory depends in part on whether the job retention scheme is extended and how many laid-off migrant workers return home. Which poses the question: what does this mean for equities?

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