STRLondon Posted March 17, 2010 Share Posted March 17, 2010 (edited) UK unemployment in further fall "The number of people unemployed in the UK has fallen again, leaving the jobless rate at 7.8%, figures show. Total unemployment stood at 2.45 million for the three months to January, down 33,000 on the figure for the previous three months. But long-term unemployment, covering those out of work for more than a year, rose by 61,000 to 687,000. The number of people claiming Jobseeker's Allowance fell by 32,300 to 1.59 million in February. " http://news.bbc.co.uk/1/hi/business/8571625.stm 1, 2, 3 and your back in the room Edited March 17, 2010 by STRLondon Quote Link to comment Share on other sites More sharing options...
jimmylad Posted March 17, 2010 Share Posted March 17, 2010 And no use of the word "unexpectedly" !! funny how the markets were expecting an increase so this was deffo a case of unexpectedness we all know the figures are a political tool when needed to be Quote Link to comment Share on other sites More sharing options...
tegan Posted March 17, 2010 Share Posted March 17, 2010 Notice how, yet again, the number of people in employement has also fallen as unemplyoment has fallen. Labour is simply squirrelling away all these people on some scheme or other, at taxpayers expense. It's not good news however the BBC likes to spin it. Quote Link to comment Share on other sites More sharing options...
jimmylad Posted March 17, 2010 Share Posted March 17, 2010 All these " still unemployed" people will be wondering what they are doing wrong & where are these jobs Quote Link to comment Share on other sites More sharing options...
jimmylad Posted March 17, 2010 Share Posted March 17, 2010 The pound has reacted very very positively off the back of this which tells me they are also manipulating the market ie. buying the pound at the slightest bit of good news trying to get it back up wonder how much Brown is throwing at this Quote Link to comment Share on other sites More sharing options...
righttoleech Posted March 17, 2010 Share Posted March 17, 2010 This is NOT unemployment......it is claiming JSA..........does not include the 50+ year olds consigned to the scrapheap, with Cash Your Gold and Parkinson's save for your coffin adverts for company. Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted March 17, 2010 Share Posted March 17, 2010 However, the number of people in work actually fell in the quarter, by 54,000 to 28.86 million. The Office for National Statistics (ONS) said that unemployment and employment were both falling because of a rising number of people being classed as economically inactive. This category includes students and those on long-term sick leave, as well as those who have stopped looking for a job. Shameless spin. I'd say this is the key section. How do they classify "stopped looking for a job" ? Quote Link to comment Share on other sites More sharing options...
shindigger Posted March 17, 2010 Share Posted March 17, 2010 Very bearish analysis just on BBC rolling. Not everyone is fooled. Quote Link to comment Share on other sites More sharing options...
Ben from Dover Posted March 17, 2010 Share Posted March 17, 2010 However, the number of people in work actually fell in the quarter, by 54,000 to 28.86 million. The Office for National Statistics (ONS) said that unemployment and employment were both falling because of a rising number of people being classed as economically inactive. This category includes students and those on long-term sick leave, as well as those who have stopped looking for a job. Shameless spin. I'd say this is the key section. How do they classify "stopped looking for a job" ? This government deserve a revolution Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted March 17, 2010 Share Posted March 17, 2010 The pound has reacted very very positively off the back of this which tells me they are also manipulating the market ie. buying the pound at the slightest bit of good news trying to get it back up wonder how much Brown is throwing at this It's all a game. For most people, you've just got to try to survive despite it. Quote Link to comment Share on other sites More sharing options...
aa3 Posted March 17, 2010 Share Posted March 17, 2010 The chocalate ration for this week increased from 42 grams to 39 grams. Quote Link to comment Share on other sites More sharing options...
STRLondon Posted March 17, 2010 Author Share Posted March 17, 2010 The unemployment figure is so misleading, I just dont get how the "markets" can rally off mis-information, you would think that the clever money would see through the spin. Quote Link to comment Share on other sites More sharing options...
EMac Posted March 17, 2010 Share Posted March 17, 2010 The Daily Mail's cup half empty (or realist if you prefer ) headline is "Record 8.16m are economically inactive as many give up battle to return to work" http://www.dailymail.co.uk/news/article-1258554/Unemployment-falls-record-8-16m-economically-inactive.html Quote Link to comment Share on other sites More sharing options...
Charlie Don't Surf Posted March 17, 2010 Share Posted March 17, 2010 The pound has reacted very very positively off the back of this which tells me they are also manipulating the market ie. buying the pound at the slightest bit of good news trying to get it back up wonder how much Brown is throwing at this Yes, you'd expect forex to know better than this Quote Link to comment Share on other sites More sharing options...
newbonic Posted March 17, 2010 Share Posted March 17, 2010 A acquaintance of mine was made redundant just before xmas. He can get non means tested JSA for 6 months, but nowt after that because his wife works and he has 'excessive' savings. Anyway, him and family are off to Turkey for 10 days at Easter (hol booked and paid for last year before he got the chop), and he's been told he's got to sign off before he goes! So I guess that's 1 less claiming JSA, even though he hasn't started a new job. I wonder if he can be bothered to sign back on when he gets back, and if it will be counted as a new claim, i.e. not someone who's spent 5 months looking for a new job? Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted March 17, 2010 Share Posted March 17, 2010 The unemployment figure is so misleading, I just dont get how the "markets" can rally off mis-information, you would think that the clever money would see through the spin. Why not. They do it all the time. Traders need volatilty not the truth in order to make their numbers particularly in an economy that has essentially being going nowhere for nearly a decade. Anyway in the near term the 'clever money' has dropped its overly bearish stance on sterling as there was clearly money to be made from burning some of those speculating on short positions. The unemployment figures were just another excuse to extend that process for another day. Quote Link to comment Share on other sites More sharing options...
A.steve Posted March 17, 2010 Share Posted March 17, 2010 The chocalate ration for this week increased from 42 grams to 39 grams. Quite. Even the title of this thread is misleading. You know what I'd really like? I'd like a 'codshite-detector' program. I'd use it to filter all news that is self-inconsistent; tautological - or known fallacious. That would be awesome - and I can't believe that it would be all that much harder than writing software to verify grammar. Quote Link to comment Share on other sites More sharing options...
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