Monday, September 21, 2009

Headline of the Year (so far)

Jobless figures show demise of the slump may be exaggerated

It's a conundrum: central bank chiefs such as the Bank of England's Mervyn King and the US Federal Reserve's Ben Bernanke say the recession is over, yet unemployment on both sides of the Atlantic continues to rise rapidly, with Britain's jobless rate hitting a 13-year high of almost 2.5 million last week.

Posted by devo @ 11:42 PM (927 views)
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3 thoughts on “Headline of the Year (so far)

  • “Euphemisms are not, as many young people think, useless verbiage for that which can and should be said bluntly; they are like secret agents on a delicate mission, they must airily pass by a stinking mess with barely so much as a nod of the head”

    Quentin Crisp

    In that case: FAIL

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  • Unemployment is rising in the private sector; but the public sector has yet to see any cuts. Will there be any this side of an election? Or will Brown just continue paying teachers and nurses with newly-minted banknotes from the BoE, regardless of the pound?

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  • L shaped recovery.

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