Unemployment falls, Employment rises, wages up

michaels

Hmm - claimant count up and wage inflation up - not a nice combination - I wonder if the changes in benefit entitlement are affecting the ILO measure?

quantic

Summary: Government fudging the numbers by putting people into "Modern apprenticeships" and other training like NVQs in order to get them off the unemployment list, training which generally adds no benefit what so ever but costs around 5-10k per head.

geneer

HAMISH_MCTAVISH wrote: »

Every time you try to paint this as a win for the bears, it gets funnier and funnier. Prices currently 10% below peak? Sure.....

Can't be bothered checking. But nominal falls currently on a par with the 90's crash.

Its just gets funnier and funnier watching you guys try to shrug this off.

Pimperni1:" I call -10% a soft landing". :rotfl:

HAMISH_MCTAVISH wrote: »

but still much higher than when most of them joined HPC proudly proclaiming a crash of 30% or more was coming.

Not sure who "them" are Hamish.
General consensus was 30 to 35% nominal+real.
Still a good chance of seeing that I'd say.

HAMISH_MCTAVISH wrote: »

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.

Renting vs mortgage again. Zzzzzzzzzzzzzz. Done to death.

Just had a wee look at the land reg and halifax Spamish.
It appears as if average uk prices have actually fallen since I joined HPC. So there you go.

HAMISH_MCTAVISH wrote: »

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.:)

Deals that weren't avaliable to that many buyers then either.
Deals which tend to run out.
In other words bull fallacy.

HAMISH_MCTAVISH wrote: »

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.

Some good deals avaliable for those with deposits now.
Combine that with buying post crash.
Double (house price) bubble!

HAMISH_MCTAVISH wrote: »

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 said a number of things over a number of years Spamish.
And house prices still crashed.

PasturesNew

HAMISH_MCTAVISH wrote: »

Anyone that spends less than 50% of their income on consumer goods/services is better off, based on average inflation versus average pay rises.

It'd be difficult for many to spend more than 50%, with rents for many being 50-60% of their takehome pay, bills another 20%, food 10%, commuting 10%. Having spent 90-100% already there'd be nothing left for fripperies like consumer goods/services.