MSE News: Unemployment up, but pace of rise easing

Mr.Brown_4

StevieJ wrote: »

Are they the guys who 'AAA' rated the sub-prime CDO's that got us into this mess

Yes, I think they are. Does that make this message less significant? We are the most over borrowed country among the AAA rated. It means we can't keep borrowing or we might lose our rating.

StevieJ

Mr.Brown wrote: »

Yes, I think they are. Does that make this message less significant? We are the most over borrowed country among the AAA rated. It means we can't keep borrowing or we might lose our rating.

Doesn't mean that at all, it means we are the weakest amongst the top four, there are actually 17 'AAA' rated economies. In fact Moody's another rating agency recently posted this.

SINGAPORE -- The triple-A sovereign debt ratings of the U.K. and the U.S. aren't under threat, rating agency Moody's Investors Service said Wednesday, in a move that may boost the battered British pound.

http://online.wsj.com/article/SB125248220746294987.html

Mr_Falling_Star

Well for whats its worth I have noticed that there are definately more job vacancies around, not a huge increase but its there. For instance in the spring/summer my evening paper only had 3 pages of jobs from a peak of six pages in 2008, now its four pages.

Rochdale_Pioneers

So the news on jobs is that the 2.5m/3m/4m predictions haven't happened and now look unlikely to happen. That UK unemployment is going to bottom out lower than the EU and US as it already is. That youth unemployment - appalingly high though it is - is substantially lower than elsewhere.

Remember folks - Brown got everything wrong and its much worse here than everywhere else who are all long out of recession and smoking fat cuban cigars. Or at least it is until you look at the facts.