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Oliver Sutton

Claimant Count Rises

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Not according to the media:http://news.sky.com/story/1569257/uk-jobless-rate-falls-to-5-4-percent-as-pay-edges-up

The unemployment rate is at a seven-year low as official figures also show that total pay rises are now averaging 3%.[..]The Office for National Statistics (ONS) said unemployment fell by 79,000 to 1.77 million in the three months to August.

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Well 3% wage rises are still strong as compared to the current deflation. However, let's fact it the UKs G7 topping growth these last couple of years has been pretty much built on the consumer getting real wage rises courtesy of the commodity slump. Once these factors work out you have to be worried as to where the growth is coming from. As it is, I think we blew the one off dividend from stuff at Poundland that is now heading back to China for landfill.

Edited by crashmonitor

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Well 3% wage rises are still strong as compared to the current deflation. However, let's fact it the UKs G7 topping growth these last couple of years has been pretty much built on the consumer getting real wage rises courtesy of the commodity slump. Once these factors work out you have to be worried as to where the growth is coming from. As it is, I think we blew the one off dividend from stuff at Poundland that is now heading back to China for landfill.

3% includes City bonuses. Factor out the pigmen and it drops to 2.8%. Interest on the national debt is growing faster. Private sector debt is growing faster still.

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More to the point, does anyone know people who are actually 2.8 - 3% rises recently? At my company, and most of my friends, you've been lucky to get more than 1% for years, even if you get the top appraisal rating.

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I wonder how many are unemployed but don't count because their partner works and the contribution based JSA has run out?

Aren't the stats supposed to include those looking for a job but are unable to claim benefit ?

Meanwhile what about those that have got a job and don't really want one, that's me but I can't seem to persuade some of my customers I have had enough.

Edited by crashmonitor

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