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exiges

Gdp Vs Labour Market

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Between quarter three 2009 to quarter three 2010, total employment rose by 1.0 per cent (286,000). This was driven by part-time and temporary workers:

* Part-time jobs grew by 4.2 per cent (320,000)

* Full-time jobs fell by 0.2 per cent (34,000)

Over the six quarters of economic contraction from quarter one 2008, total employment fell by 600,000

Edited by exiges

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Very interesting graphs.

The conclusion that I draw is that even positive GDP growth will not improve house buying capacity as there is so much slack in the labour market that the employment growth accompanying GDP growth is in temporary jobs only.

The positive correlation between house price inflation and GDP growth is breaking down and will become negative due to the nature of the new jobs replacing those that were lost.

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It's not looking good on the job front.

Part time and temporary work doesn't help people secure those all important loans to drive a consumer based economy.

As they are showing them on the same graph, does each person in 1/2 time employment only count 1/2 a person towards the employed, and 1/2 a person unemployed?

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The conclusion that I draw is that e

The conclusion I get is that the temporary jobs are masking the horrific unemployment unfolding.. only to be made worse with public sector cuts..

As there's a high proportion of women in the public sector, and mainly women in temporary work, expect to see your local outreach multicultural facilitator scanning your stuff in Tesco soon.

It's quite amazing how the HPI has remained to strong.

Edited by exiges

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It's not looking good on the job front.

Part time and temporary work doesn't help people secure those all important loans to drive a consumer based economy.

part time mortgages coming to a money manufacturing unit near you....you own the house overnight, while a nightworker owns it during the day.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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