Wednesday, April 13, 2011
Unemployment more or less flat
Some selective quotes and my comment on them: "Total pay rose by 2% compared with a year earlier" - An inflation adjusted fall of about 2% "with the jobless rate for young people remaining above 20%." - A bit of a tragedy really. The government will have to spend some money on this. "The Office for National Statistics (ONS) said the rate of unemployment in the UK had fallen to 7.8%." - the government is clearly not making the claimed spending cuts.