Unemployment Down 50,000

CLAPTON

the huge budget deficit is due to all the tax cuts which of course according to my reading of Laffers work means that the deficit will go down.

Graham_Devon

Saturnalia wrote: »

But it was saying on the radio news this morning that most of these newly-employed people were part-time. It didn't say what percentage "most" was or what sort of wages they were on.

59% of all new jobs created in the period were part time.

Loughton_Monkey

Generali wrote: »

....@Loughton_Monkey: I thought the lame duck period was the part of the Presidential term between being voted out and handing over power. I take your point though however there is only about a month until the election so it's unlikely that much will need to be done in the next few weeks.

That's exactly what I meant.

JoshuaJames

Loughton_Monkey wrote: »

As we approach the election, and the "lame duck" period, then I wouldn't mind betting it all goes wobbly again - with a re-focus on the smelly Greeks or the insolvent Spanish.

Indeed the next 2 months upto the election everything will be held up to make it look rosey. Then the rose tinted specs will start to fade and the global crisis will get even worse.

shortchanged_2

Saturnalia wrote: »

On the face of it, the figures in the OP look good.

But it was saying on the radio news this morning that most of these newly-employed people were part-time. It didn't say what percentage "most" was or what sort of wages they were on.

So while they may not be claiming out-of-work-benefits now, they may still be entitled to in-work-benefits, so nothing really changes there.

Plus businesses take on their Christmas temps around Sept/Oct so that skews the figures, and most of them will be laid off again come New Year. Again these tend to be low paid short hours jobs.

So while I'd love to be cheering on the good news, I'm wary that the stats may not be as encouraging as they appear.

I think we can be sure there is a certain element of smoothing out the figures at the moment.
I don't think the figures are as grand as they are making out. There always have been ways of cooking the books with the employment figures and this government is no different than any other.

IronWolf

Saturnalia wrote: »

On the face of it, the figures in the OP look good.

But it was saying on the radio news this morning that most of these newly-employed people were part-time. It didn't say what percentage "most" was or what sort of wages they were on.

So while they may not be claiming out-of-work-benefits now, they may still be entitled to in-work-benefits, so nothing really changes there.

Plus businesses take on their Christmas temps around Sept/Oct so that skews the figures, and most of them will be laid off again come New Year. Again these tend to be low paid short hours jobs.

So while I'd love to be cheering on the good news, I'm wary that the stats may not be as encouraging as they appear.

Unemployment data is seasonally adjusted, so Christmas effects are stripped out.

Generali

Graham_Devon wrote: »

The fiscal cliff isn't really a prediction though....is it.

It's more a political prediction than an economic one I guess. It isn't a required outcome that the cuts and tax rises come into effect.

Thrugelmir

Generali wrote: »

It's more a political prediction than an economic one I guess. It isn't a required outcome that the cuts and tax rises come into effect.

Will require quick resolution.

Markets consider the US fiscal situation to carry far more weight and effect of the health of the global recovery than any issue in the Eurozone.

Issue has been put on the back burner but cannot remain so.

Not helped by the fundamental difference in opinion as to how to tackle the matter.

[Deleted User]

the headline figure looks good
however
part time employment UP
long term unemployment UP
ditto youth UP
self employed UP
claimant count hardly changed

tina_malteser

so there are 50,000 less jobs to chase after and still a couple of million unemployed.. is it possible do you think to get a job for everybody in the UK Mr Cameron :T