Interesting unemployment charts

lemonjelly

I think my point is that many (not just on this board, but there are some) who appear to think the downturn is over.

Most on this board I think do accept unemployment will continue rising - not all though.

However some were using the figures disingenuously IMO, by focussing on the 6000 new jobs in the country, in a "we've turned the corner" stylee.

Apologies for any confusion.

Generali

StevieJ wrote: »

That is what it was supposed to do wasn't it

It is. What is implicit in the policy but not stated is that such a policy moves unemployment from today to tomorrow and causes a higher raised level of unemployment tomorrow than would be the case today. That is because the interest burden on the debt that needs to be paid is usually higher than the rate of growth of GDP over the period of the debt.

StevieJ

Update of unemployment figures.

The labour market figures published on 16 December shocked many commentators in a positive direction.
The Jobseeker’s Allowance (JSA) claimant count fell this month for the first time since February 2008. This is the result of a sharp fall in new claims, at a time when Jobcentre Plus has opened up an online claim process. The vacancy series is showing growth, although from a low level.


http://www.cesi.org.uk/statistics/lmsDec09.htm

nearlynew

ALL government statistics are just lies and misinformation

Wookster

My understanding of why the JSA claimant numbers dropped were because there was a move to part time work (at least that was on the BBC).

The graphs do show a grim picture and I can certainly confirm that this picture is confirmed by my own job hunting experiences. Recently some of the recruiters I've spoken to have said they receive 400-500 applications for jobs.

I really hope that employers look at the new year as the end of anus horribilis and start to recruit again but I suspect we're in for another wave of redundancies and other bad news when the Tories come in and cut public spending (as they need to).