Wednesday, Apr 21, 2010
2.5 Million Unemployed - Highest since Dec 1994
Personnel Today: Unemployment hits 16-year high
"The number of unemployed people increased by 43,000 in the three months to February, to reach 2.5 million - the highest figure since December 1994, official figures revealed today..." - but worry ye not, for ever increasing house prices will increase ye wealth forever ye more! Ye no needeth to work no more! Gordon's miracle revealed.
Posted by mick rupert @ 01:12 PM (493 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. str 2007 said...
And this with interest rates on the floor and £200 billion of quantitative easing.
Recovery just around around the corner eh !
I wonder how much more savers money can be thrown at the recovery before they decide they need a correction to re-set things ?
On a personal note, if the correction had been allowed to take it's course I'd be investing heavily by now and probably recruiting people, oh and we wouldn't have such a huge national debt either so the glubbermint could start investing with me aswell and perhaps, just perhaps we would be seeing the start of a real recovery by now.
Alas I think we are now in for a long period of steady decline and rising national debts.
2. enuii said...
Yet the 2.5 million figure does not include those who are economically inactive including students, enforced part time workers, JSA non-claimants, illegals and other groups not present in the statistics. Comparing now with 16 years ago is not a straightforward comparison and would hint at the figure now being in reality much higher in economic terms hence the piles of government borrowing.