Wednesday, April 21, 2010
2.5 Million Unemployed – Highest since Dec 1994
Unemployment hits 16-year high
"The number of unemployed people increased by 43,000 in the three months to February, to reach 2.5 million - the highest figure since December 1994, official figures revealed today..." - but worry ye not, for ever increasing house prices will increase ye wealth forever ye more! Ye no needeth to work no more! Gordon's miracle revealed.
Posted by mick rupert @ 01:12 PM (1011 views)
2 thoughts on “2.5 Million Unemployed – Highest since Dec 1994”
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str 2007 says:
And this with interest rates on the floor and £200 billion of quantitative easing.
Recovery just around around the corner eh !
I wonder how much more savers money can be thrown at the recovery before they decide they need a correction to re-set things ?
On a personal note, if the correction had been allowed to take it’s course I’d be investing heavily by now and probably recruiting people, oh and we wouldn’t have such a huge national debt either so the glubbermint could start investing with me aswell and perhaps, just perhaps we would be seeing the start of a real recovery by now.
Alas I think we are now in for a long period of steady decline and rising national debts.
enuii says:
Yet the 2.5 million figure does not include those who are economically inactive including students, enforced part time workers, JSA non-claimants, illegals and other groups not present in the statistics. Comparing now with 16 years ago is not a straightforward comparison and would hint at the figure now being in reality much higher in economic terms hence the piles of government borrowing.