Jobless rate: Workers wearing protective face masks fix parts to four-cylinder diesel motor engines on the production line at the Adam Opel AG automobile component factory in Kaiserslautern, Germany. A Bloomberg survey forecasts the euro-area unemployment rate at almost 10% by the end of this year, with very little improvement in 2021.— Bloomberg
LONDON: European workers may be about to get another batch of bad news after a summer of job cuts and with the economic recovery threatened by fresh virus outbreaks and localised lockdowns.
Even as some governments consider extensions to job-protecting furlough programmes, the back-to-school period as the continent returns from summer vacation is a crucial time for firms to assess demand, budgets and headcount for the rest of the year and into 2021.
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