Consumer confidence falls again.

shortchanged_2

Generali wrote: »

I believe it's also because more cars are being sold. Things feel a lot better in the private sector than 3 years ago IMO. The public sector looks in all sorts of bother though.

If that's the case Generali, where are the jobs that are supposed to be being created by the private sector?

Really2

shortchanged wrote: »

If that's the case Generali, where are the jobs that are supposed to be being created by the private sector?

http://www.expressandstar.com/news/2011/10/18/thumbs-up-for-design-of-355m-jaguar-land-rover-factory/

Jaguar Land Rover’s planned £355 million engine plant in Wolverhampton has been given the thumbs-up by residents, who have described its sprawling design as refreshing, bright and modern.

Detailed plans and artist impressions of the proposed site, which will transform Wolverhampton’s i54 business park and create 750 jobs, have gone on display. Bosses want residents to have their say on the proposals before a planning application is submitted to South Staffordshire Council on October 31.

Add to that the knock on to local supplier job creation.

Aerospace giant Rolls-Royce’s plans to create hundreds of hi-tech jobs in South Yorkshire have cleared the first hurdle.

The plans, to build three new factories on the Advanced Manufacturing Park at Waverley, have won outline permission from Rotherham Council, opening the way for the first plant to be up and running before the end of 2013.

Seems like UK manufacturing is getting some investment TBH.

IronWolf

Generali wrote: »

The UK's unemployment rate is currently 7.8%. That means the not-unemployed rate amongst people of working age is 92.2%. Also I don't imagine pensioners are feeling a massive pinch (most pensioners don't have 6 and 7 figure sums in savings and are attempting to live of the interest IME).

Times are hard for many. I certainly suffered my fair share of travails in the 2008-10 period. For most of my friends, life just carried on as normal. The ones that were living on the credit card have had to cut back a bit but it is really just trimming the fat: only Sunday lunch out rather than also having a big Friday night and a baby-sitter perhaps. If you were on £25,000 a year in 2009 and you're on £25,500 now then you'll have suffered a small decline in your standard of living most likely but nothing more.

Nah, it doesnt mean 92.2% are not unemployed, it means 92.2% of the "workforce" are employed.

The inactive people aren't included in the denominator for unemployment rates, you need to look at the employment rates where inactive are included. Then reverse engineer the unemployment rate with it to get the true proportion unemployed in the country.

The actual proportion of the country unemployed is much lower than the unemployment rate, but there are a lot of inactive people too which dont seem to get monitored.

nembot

Really2 wrote: »

http://www.expressandstar.com/news/2011/10/18/thumbs-up-for-design-of-355m-jaguar-land-rover-factory/

Add to that the knock on to local supplier job creation.

Seems like UK manufacturing is getting some investment TBH.

It's great that there will be new jobs created, but we really need 20x these numbers to make a difference. UK unemployment rose by 114,000 between June and August to 2.57 million - a 17-year high, according to official figures.

Fact is things are pretty grim out there... sugar coating isn't working.

Really2

nembot wrote: »

It's great that there will be new jobs created, but we really need 20x these numbers to make a difference. UK unemployment rose by 114,000 between June and August to 2.57 million - a 17-year high, according to official figures.

Fact is things are pretty grim out there... sugar coating isn't working.

I don't think anyone is naive enough to think 500,000 jobs are just going to appear.

But getting investment now will help employment pick up in the future.

They are one off examples, it will be the whole that makes a difference like the unemployment figure.

I believe employment in the private sector is going up, just not as fast as the axe in the pubic sector.

Graham_Devon

shortchanged wrote: »

I see you have now edited your post Really2. I wonder if the car production aspect is more to do with the likes of Honda now up and running again.

A lot to do with moving back to a 5 day week.

Really2

Graham_Devon wrote: »

A lot to do with moving back to a 5 day week.

Would that not mean increasing production and demand tough?

Even though we have had the parts problem this year caused by the tsunami/earthquake, car production is up nearly 5% against the same period of last year(Jan to Sept).

crash123

Have any you been shopping in September?
The shops have had xmas stuff in for weeks now. Usually they wait until after Halloween but not this year. Could people be spreading the cost of xmas over a few weeks and maybe buying a little bit more now.

Jimmy_31

MrRee wrote: »

People have been worried for 3 years now .... and, for most, the world has continued to turn.

Disaster hasn't materialised, jobs haven't been lost, wages have increased ... for most people.

Now, they are saying, "Let's treat ourselves, buy that house/car/TV" - you have got to carry on living!

Too many people (mainly over on HPC) are hoping for armegedden, they take great delight in bad economic news, they want the system to collapse .. in the belief that they will be buying bargains (of course, they won't though).

Most people just get on with living and they cannot afford to await something that will never happen.

Good on the bold consumer I say - they may yet drag us up out of the pit we are in.

At the end of the day, we - in the UK - are extremely well off ...... SPEND!

Yep, everybody i know who lost their job, had pay freezes or large wage deductions are planning to buy a massive 60 inch 3dhdtv to drag us out of the pit we are in.

BOLD:rotfl::rotfl::rotfl::rotfl::rotfl: