[While doing some investigation, I came upon this fascinating website that really exposes the British Prime Minister for the lies he tells. Jan] Source Url: http://www.gordonclown.com/2007_06_13_unemployment-three-times-higher-than-official-figures.htmlBritish Horror:
Unemployment is 3 times higher than the lying British Prime Minister claims...
Unemployment Three Times Higher Than Official Figures
A new study shows that the “low unemployment” which Gordon’s much heralded “miracle” economy has been built upon, is a mere sleight of hand, and that actually unemployment is much much higher than the government are willing to admit to.
Unemployment is almost three times as high as the Government’s official figures a new study has claimed.
A report by Sheffield Hallam University said 1.7 million “hidden jobless” should be added.
In particular, the report said that at least one million of the 2.7 million people on incapacity benefit should be classified as unemployed.
However, official unemployment has fallen by 15,000 to 1.68 million in the same period. The claimant count has fallen for eight months in a row, the longest continual reduction since the summer of 2003.
The claimant count, which covers people eligible for jobseeker’s allowance, fell by 9,300 in May to 880,400, the tenth time the figure has fallen in the past 11 months.
The claimant count has fallen for eight months in a row, the longest continual reduction since a run of 20 consecutive monthly reductions which started in the summer of 2003.
But the figures were overshadowed by a big increase in the number of people classed as economically inactive, which includes students, those looking after a relative, workers who have taken early retirement or given up looking for a job.
The figure increased by 77,000 in the latest quarter to 7.95 million, the highest figure since comparable records began in 1971.
The number of jobs in manufacturing firms also fell to a record low of 2.96 million after a fall of 49,000 in the latest three months compared with a year ago.
Today’s data from the Office for National Statistics also showed that the number of people in work fell by 10,000 in the quarter to April to just over 29 million.
The claimant count is now at its lowest total since September 2005 and is down by 71,500 on the year.
Average earnings increased by 4 per cent in the year to April, down by 0.4 per cent from the previous month.
Excluding bonuses, the figure was unchanged at 3.6 per cent. Wage growth was 4.2 per cent in private firms, down by 0.6 per cent on the previous month, compared with an unchanged figure of 3.1 per cent in the public sector.
There were 638,000 job vacancies in the three months to May, up by 21,700 from the previous quarter.
There were 2,000 days lost through industrial disputes in April, the lowest monthly total since January 2005.
The UK still has one of the lowest unemployment rates in Europe at 5.4 per cent, but the figure has increased by 0.2 per cent in the past year compared with an average European Union fall of 0.9 per cent.
Jim Murphy, Minister of State for Employment and Welfare Reform, welcomed today’s figures, saying: “Since 1997 the numbers on jobseeker’s allowance, incapacity and lone parents benefits have fallen by over 900,000 and they continue to fall. Today’s figures show that the number on jobseeker’s allowance has now fallen for 10 out of the last 11 months.
“Our welfare reforms, combined with a strong economy, are helping more people to come off benefits and look for work - but we are determined to go further still, and to break for good the cycle of poverty and dependency.”
Meanwhile the bond markets are making things uncomfortable for Gordon’s coronation, with long term interest rates rising by about 0.50% in the last week alone. The market is doing the MPC’s job for them and there’s nothing Gordon can do about it.
Posted By: Jan
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Author of: Government by Deception
Tuesday, 2 February 2010
Date Posted: Sunday 31-Jan-2010
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