Unemployment falls, Employment rises, wages up

geneer

chazzee wrote: »

Unfortunately that's very misleading. The drop in ILO unemployment reflected a 42,000 decline in joblessness among people aged 16 to 24 as they left the labour force to join full-time education.

Claimant unemployment actually rose 22,500 - the highest level since March 2010.

So, the economy is not generating enough jobs in the private sector to offset the government cuts, and wage inflation is significantly less than RPI so we have erosion of real income.

Theres no room of context and analysis here chazzee.
Who on earth do you think you are, coming in here and throwing around your insight and commonsense.

geneer

HAMISH_MCTAVISH wrote: »

Yep.

I love HPI almost as much as I love reading about depressed hpc-ers giving in and buying houses after wasting 5 years of their life waiting for the crash that ain't coming.

Must suck to be you then, watching those bears swooping in to snap up houses after a crash of a similar scale and a significantly quicker duration than the 90's crash.

HAMISH_MCTAVISH wrote: »

Totally depends on an individual's personal inflation rate.

My disposable income is increasing rapidly.

What a surprise.

chazzee

The number of employees and self-employed people working parttime
because they could not find a full-time job increased by 80,000 on the quarter to reach 1.25

million, the highest figure since comparable records began in 1992

The number of people in employment was 29.28 million in the three months to May 2011

FTBFun

doire wrote: »

That miniscule amount will be enough to tip many people over the edge :)

I hope you're being tongue in cheek with this one. Reposessions aren't exactly something normal people like to wish for.

HAMISH_MCTAVISH

geneer wrote: »

Must suck to be you then, watching those bears swooping in to snap up houses after a crash of a similar scale and a significantly quicker duration than the 90's crash..

Every time you try to paint this as a win for the bears, it gets funnier and funnier. :rotfl:

Prices currently 10% below peak? Sure..... but still much higher than when most of them joined HPC proudly proclaiming a crash of 30% or more was coming.

And of course, they'd also have to claw back all the rent they've wasted paying someone else's mortgage for them. It's tough to break even when you bought 20% of a house for someone else, in addition to having to buy one for yourself, when prices are only down 10% from peak now on average, and still higher than when people like you joined hpc.

Not to mention, wasting the once-in-a-lifetime opportunity to take advantage of super-low bank margins above base. Deals that are no longer available to buyers now.:)

And those same deals, combined with low rates, mean most people that bought even at absolute peak are now breaking even with or beating those that chose not to buy and rented since.

I told you this a few years ago geneer..... Time is the enemy of housing bears.

Which is why you now can't win.

HAMISH_MCTAVISH

FTBFun wrote: »

I hope you're being tongue in cheek with this one. Reposessions aren't exactly something normal people like to wish for.

Crashaholics aren't "normal people".:(

Graham_Devon

HAMISH_MCTAVISH wrote: »

Can you provide a link that 60% of those jobs are less than 16 hours a week?

Yes.

I can provide the part time vs full time figures anyway. I believe part time to be 16 hours, as thats part time for benefits and everything else.

http://www.guardian.co.uk/business/2011/jul/13/unemployment-falls-but-jobless-rate-unchanged

The latest data indicates that businesses remain cautious in making new hirings – in the three months to May, 31,000 new part-time workers were hired, compared to only 19,000 full-time. Overall, employment increased by 0.2% quarter-on-quarter over the same period, amounting to a 50,000 increase in employment.

As I say. Your headline soundbites are fine. But very misleading when you look at the actual data. I'm not spinning or applying negativity. Just using facts.

doire_2

Hugh Pym Chief economics correspondent, BBC News

There is something for the jobs market optimists and something for the pessimists in these figures. Unemployment has fallen again, including among 16-24 year olds, while total employment is on the increase.
But nearly two-thirds of the increase in employment was due to part time jobs. Vacancies in the economy have fallen - and that excludes census positions.
Optimists will argue that the private sector is at least creating work. Pessimists will question the quality of the jobs created and whether there is a sustainable recovery in the labour market.

Viva the recovery based on part time jobs!

Blacklight

HAMISH_MCTAVISH wrote: »

Every time you try to paint this as a win for the bears, it gets funnier and funnier. :rotfl:

Prices currently 10% below peak? Sure..... but still much higher than when most of them joined HPC proudly proclaiming a crash of 30% or more was coming.

And of course, they'd also have to claw back all the rent they've wasted paying someone else's mortgage for them. It's tough to break even when you bought 20% of a house for someone else, in addition to having to buy one for yourself, when prices are only down 10% from peak now on average, and still higher than when people like you joined hpc.

Not to mention, wasting the once-in-a-lifetime opportunity to take advantage of super-low bank margins above base. Deals that are no longer available to buyers now.:)

And those same deals, combined with low rates, mean most people that bought even at absolute peak are now breaking even with or beating those that chose not to buy and rented since.

I told you this a few years ago geneer..... Time is the enemy of housing bears.

Which is why you now can't win.

You also need to factor in that your landlord has had the benefit of inflation eroding his debt while he's bumped up the amount you pay in rent for the same reason.

Jegersmart

geneer wrote: »

Must suck to be you then, watching those bears swooping in to snap up houses after a crash of a similar scale and a significantly quicker duration than the 90's crash.

What a surprise.

I must point out again that if you were a "bear" on housing at that time you certainyl woudl not be going long......

I hope this is the last time I need to point out this complete lack of understanding....^^