Realistbear Posted March 15, 2006 Share Posted March 15, 2006 http://business.timesonline.co.uk/article/...2087307,00.html A more detailed inspection of today’s jobless figures shows that the UK’s beleaguered manufacturing sector continues to shed jobs. In the three months to January, the number of people employed in factories fell by 111,000 compared with the same time last year. There are now just 3.08 million employed in manufacturing, the lowest level since comparable records began in 1978. As we export our jobs to China and India house prices will have to reflect the new paradigm: endemic high levels of unemployment. Quote Link to comment Share on other sites More sharing options...
watchinandwaiting Posted March 15, 2006 Share Posted March 15, 2006 http://business.timesonline.co.uk/article/...2087307,00.html A more detailed inspection of today’s jobless figures shows that the UK’s beleaguered manufacturing sector continues to shed jobs. In the three months to January, the number of people employed in factories fell by 111,000 compared with the same time last year. There are now just 3.08 million employed in manufacturing, the lowest level since comparable records began in 1978. As we export our jobs to China and India house prices will have to reflect the new paradigm: endemic high levels of unemployment. Not unlike the 70s! Will this be a new Winter of discontent Quote Link to comment Share on other sites More sharing options...
jp1 Posted March 15, 2006 Share Posted March 15, 2006 Not unlike the 70s! Will this be a new Winter of discontent Will anyone notice? More than a million local government workers are set to strike ... Oh No! - how will I get through a full 24 hrs without a best practice and excellence officer at hand? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 15, 2006 Author Share Posted March 15, 2006 Looks like Gordon may be spinning the bleak news: http://www.downingstreetsays.org/archives/002493.html Put to the PMOS that the employment figures published today had shown one of the biggest monthly rises in 15 years, and what was the reaction to them, the PMOS replied that people should look back at last month's figures which had shown that unemployment had fallen by 2000. It was not therefore possible to say that this was part of a trend, because if people looked back over the last year, employment had risen by 178,000. Therefore, in terms of the overall economy, that was where we were. Clearly, people would be looking to see the particular reasons for last month, and what the figures would be next month. Sir Humphrey has been busy! Quote Link to comment Share on other sites More sharing options...
music man Posted March 15, 2006 Share Posted March 15, 2006 Looks like Gordon may be spinning the bleak news: [/indent] Sir Humphrey has been busy! yes minister, and on track. good find. Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted March 15, 2006 Share Posted March 15, 2006 Will anyone notice? Lol, that's true, back in '79 the government actually ran the commanding heights of the economy and public workers kept the power, water, gas networks up and running, they did useful shit, thesedays even the London buses are run by private companies. 21st century Britain is different, bejesus who's going to coordinate all those clusters! Quote Link to comment Share on other sites More sharing options...
Europa Posted March 15, 2006 Share Posted March 15, 2006 As we export our jobs to China and India house prices will have to reflect the new paradigm: endemic high levels of unemployment. Traditional manufacturing has been on a downward trajectory for some time; the service sector has, however, taken up the slack. Does it really matter whether we export financial services or metal widgets? Aside from this, high-value manufacturing continues to hold its own. I don't believe this will cause a major problem in the long term. Agriculture took a bit of a battering after the industrial revolution Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 15, 2006 Author Share Posted March 15, 2006 Traditional manufacturing has been on a downward trajectory for some time; the service sector has, however, taken up the slack. Does it really matter whether we export financial services or metal widgets? Aside from this, high-value manufacturing continues to hold its own. I don't believe this will cause a major problem in the long term. Agriculture took a bit of a battering after the industrial revolution Depends if we believe outsourcing will erode UK jobs. Why pay UK rates when you can send the work overseas for much less? Quote Link to comment Share on other sites More sharing options...
sammysnake Posted March 15, 2006 Share Posted March 15, 2006 On the subject of manufacturing I work within the industry and I'm quite certain we are to make redundancies at the end of this month. Thankfully I have neither a mortgage nor (hopefully) on the redundancy list. Our sales (electronics) have literally nose dived despite cutting profit margins to a near operating loss. And all this with an impending round of IR increases..the aftermath will be quite messy i'm sure Quote Link to comment Share on other sites More sharing options...
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