British Chancellor Rishi Sunak has announced that the government will pay up to two-thirds of people’s wages as long as employees are working—and being paid for—one-third of their hours. Sunak has said that the British economy is going through a “more permanent adjustment” and what happens now “must be different […]
Measures
How the Government Measures Unemployment
How the Government Measures Unemployment (PDF) Why does the government collect statistics on the unemployed? When workers are unemployed, they, their families, and the country as a whole lose. Workers and their families lose wages, and the country loses the goods or services that could have been produced. In addition, […]