The number of people in work in the U.K. rose by 154,000 in Q4 to a record 29.73M, further...


The number of people in work in the U.K. rose by 154,000 in Q4 to a record 29.73M, further extending the puzzle of how the labor market remains strong despite the stagnant economy. Unemployment-benefit claims fell by 12,500 vs consensus for a drop of 5,000. The number of people without a job in the wider ILO measure fell by 14,000 to 2.501M; unemployment rate dropped to 7.8% from 7.9% in Q3 and vs forecasts of 7.7%. (PR)

Comments (3)
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    Or perhaps they're just following our lead and making up the numbers to fit the narrative? If this many people actually are applying for low-paying jobs (see below), then those labor stats above look extremely fishy.

     

    http://bit.ly/Ymfj1h
    20 Feb 2013, 06:27 AM Reply Like
  • Bret Jensen
    , contributor
    Comments (14499) | Send Message
     
    How is this a mystery? Under Labor from 1997 to 2009, the number of "disabled" went from 600K to 2.6mm. Now that the govt is toughing up welfare qualifications and payments, these "disabled" are miraculously finding their way back into the workforce. We should do same thing here where "disability" has grown by 300% among the working age population since 1990.
    20 Feb 2013, 06:41 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Disability is a big growth engine here....its for life here...no cutting the benefits...so its a wink wink application....
    20 Feb 2013, 08:05 AM Reply Like
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