UK unemployment increases to 2.47 million

doire_2

http://news.bbc.co.uk/1/hi/business/10327101.stm

Must be the recovery eh?

zakaya

Can someone tell me how this government is going to get all these people back to work? Let alone try to get those on invalidity benefit back into work. I don't think the workshy need to worry to much!

chucky

doire wrote: »

Must be the recovery eh?

>>>>>>>>>>>>>

A Beginner's Guide to Economic Indicators

Three Timing Types of Economic Indicators

Lagged: A lagged economic indicator is one that does not change direction until a few quarters after the economy does. The unemployment rate is a lagged economic indicator as unemployment tends to increase for 2 or 3 quarters after the economy starts to improve.

1984ReturnsForReal_2

zakaya wrote: »

Can someone tell me how this government is going to get all these people back to work? Let alone try to get those on invalidity benefit back into work. I don't think the workshy need to worry to much!

2.5 million workshy people sitting on their backsides at home....

Let me think about that for a second......





I think you may be short on a little information.

zakaya

1984ReturnsForReal wrote: »

2.5 million workshy people sitting on their backsides at home....

Let me think about that for a second......





I think you may be short on a little information.

I didn't say all of the 2.5 million people out of work are workshy, most of them want to work but for those who don't they don't need to worry too much about finding a job.

doire_2

chucky wrote: »

The unemployment rate is a lagged economic indicator as unemployment tends to increase for 2 or 3 quarters after the economy starts to improve.

Unemployment heading towards 3 million. Recovery is a long, long way off.

Almost 2.5 million unemployed and thats before the cuts have even begun. :eek:

1984ReturnsForReal_2

zakaya wrote: »

I didn't say all of the 2.5 million people out of work are workshy, most of them want to work but for those who don't they don't need to worry too much about finding a job.

How about we send all the immigrants home & force them to take up their positions??

Now there is a thought....


Or we could get Tesco to build a store in every village & get them working there?


Or we could get the councils to whack up their headcounts 2.5m & there is no excuse for sitting on your a*se.


Or we could get BMW to invest in a factory to produce a very expensive uneconomical car...

Or we could go over to China & force the closure of all its exporting manufacturing facilities & open them up again in the North East..

Or we could reduce Capital Gains Tax & Income tax to zero after £40k to encourage investment...

Or .........

doire_2

zakaya wrote: »

Can someone tell me how this government is going to get all these people back to work?

In cloud cuckoo land (where chucky resides) everything is going to be just fine. The lib-cons are going to sort it all out. Banks will soon be lending huge amounts to businesses and the end result will see a massive recruitment drive (even if the manufaturing sector has gone to pot and the public sector is facing huge cuts)

1984ReturnsForReal_2

doire wrote: »

Unemployment heading towards 3 million. Recovery is a long, long way off.

Almost 2.5 million unemployed and thats before the cuts have even begun. :eek:

Agreed. This is at best mid cycle.

chucky

doire wrote: »

Unemployment heading towards 3 million. Recovery is a long, long way off.

Almost 2.5 million unemployed and thats before the cuts have even begun. :eek:

that sounds like some very good news as they were expecting 3 million unemployed by now

Monday 16 February 2009

Unemployment forecast to reach 3 million before next election

http://www.guardian.co.uk/business/2009/feb/16/unemployment-forecast-cbi

1984ReturnsForReal_2

chucky wrote: »

that sounds like some very good news as they were expecting 3 million unemployed by now

Monday 16 February 2009

http://www.guardian.co.uk/business/2009/feb/16/unemployment-forecast-cbi

That was before the anoucement of QE......

Without QE it would be (in my opinion of a little but not a lot knowledge) it would have exceeded 3m by far.