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Unemployment tops two million
Former_MSE_Guy
Posts: 1,650 Forumite
This thread is to discuss the news story:
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Comments
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3 by AugustNot Again0 -
Just a headline figure story.
How about 93.5% employed, 6.5% unemployed,
or
There were 1.65m longterm unemployed in the summer of 2007, there are now 2.03m 18 months later, an increase of 380k as a result of this recession.
Consider how many of the 1.65m were unwilling to work in the 1st place, unemployment figures for those wanting work are not all that bad.
That's about it.0 -
Just a headline figure story.
How about 93.5% employed, 6.5% unemployed,
or
There were 1.65m longterm unemployed in the summer of 2007, there are now 2.03m 18 months later, an increase of 380k as a result of this recession.
Consider how many of the 1.65m were unwilling to work in the 1st place, unemployment figures for those wanting work are not all that bad.
That's about it.
93.5% unemployed during a recession.... things aren't that bad then.
Spain has 14% unemployment.0 -
There's more than THAT. They are on schemes like newdeal and other cons to keep them off the statistics book0
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93.5% unemployed during a recession.... things aren't that bad then.
Spain has 14% unemployment.
Unemployment is a lagging indicator. I expect it to rise for 2 years after real GDP returns to peak levels based on previous UK recessions.
MSE Guy - Wasn't the existing thread on this topic enough? I'd be interested to know why it was felt necessary to start a duplicate thread other than to publicise an MSE article to forum users.0 -
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Don't know the figures but there are a growing number of families who in theory have a job, but could never live off it and are reliant on so called "Tax Credits."
They get in a hell of a state if for any reason the credits stop, I see the letters. I don't think the number of independant working people is as large as people think.0 -
140K unemployed in a month….. I thought that does not sound too bad... Until I read that’s the equivalent to the Army and the RAF being laid off... Wow that is a lot.0
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93.5% unemployed during a recession.... things aren't that bad then.
Spain has 14% unemployment.
Does anyone seriously trust the unemployment figures? The government massages them so much, they are about as reliable and Enron's final accounts.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
1984ReturnsForReal wrote: »3 by August
I can't see 1,999,997 people all somehow finding employment and no other additional people losing their jobs by August.0
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