Economic Update: McKinsey’s four forces that will mould the next normal – US DOL reveals more than 38 million unemployed

22 May 2020 (Last Updated May 22nd, 2020 16:32)

22 May

McKinsey has said that they are predicting “Four forces that will mold the next normal” in the post Covid-19 world.

Those being: The metamorphosis of demand, Rapid changes in the workforce, Shifts in regulation and Increasing information about protocols for safety.

According to the US Department Of Labor, (DOL) the US unemployment rate has increased by another 2.4 million in the week to 16 May, bringing the total of unemployed Americans to over 38 million since the start if the pandemic and consequent social distancing measures.