The number of people who did not work (or worked less) because of an employer closure or lost business—6.2 million—is down from 7.9 million in May 2021 and from 49.8 million in May 2020. Return to text  2/2  BIS central bankers' speeches
Demand for housing has undoubtedly increased significantly in recent years due to strong fundamental factors such as income and employment growth, a relatively large young population in the household-formation age-group and net inward migration.