Britain's job-rich recovery

[AtW]

Apparently it continues, according to ToryScumGraph.

George Osborne, the Chancellor, said: “It is great news that Britain’s economic plan continues to create jobs and increase pay. We’ve got the highest rate of employment in our history, and real terms pay rising strongly.

Source: UK unemployment drops to seven-year low of 5.4pc - Telegraph

Nice to know all those extra taxes are going to provide new jobs to people...

[NickFitz]

Nice to know all those extra taxes are going to provide zero-hours contracts to people...

FTFY

[darmstadt]

Ah, but see the Telegraph didn't report in full what was said:

Unemployment has fallen to a seven-year low while a record number of people are in work, new figures have shown.

The jobless total dipped by 79,000 to 1.7m in the quarter to August, the lowest figure since the summer of 2008, giving a jobless rate of 5.4%.

Employment increased by 140,000 in the same three months to 31m, the highest since records began in 1971.

The Office for National Statistics said the fall in unemployment more than outstripped recent rises.

But the number of people claiming jobseeker’s allowance and the unemployment element of Universal Credit - the so-called claimant count - increased last month by 4,600 to 796,200.

Average earnings increased by 3% in the year to August, 0.1% up on the previous month and the highest since May.

ONS labour market statistician Nick Palmer said: “Wages continue to grow strongly in real terms.”

There were just over nine million people classed as economically inactive, a rate of 22%, and little changed from the three months to May.

The figure, which includes those taking early retirement, looking after a relative or “discouraged”, has only fallen by 13,000 in the past year.

There were 1.2m people in part-time jobs who wanted full-time work, down by 9,000.

The number of job vacancies in the economy increased by 4,000 over the latest quarter to 738,000.

Long-term unemployment has also fallen, down by 44,000 to 526,000 for those out of work for over a year.

But still good news so far, but don't forget that there are large redundancies to come from JCB, Redcar steel works and of course, the Tories bugbear, the public sector so don't open the champers just yet (albeit there are 738,000 job vacancies)

[AtW]

But still good news so far, but don't forget that there are large redundancies to come from JCB, Redcar steel works and of course, the Tories bugbear, the public sector so don't open the champers just yet (albeit there are 738,000 job vacancies)

Yes, and when was the last time you heard about big redundancies from public sector???

That debt mountain isn't cutting down itself.

Ze "Tories" just decided to pull ze new Liabor and increase taxation to sustain the gravy train for at least another election.

[MicrosoftBob]

Yes, and when was the last time you heard about big redundancies from public sector???

Councils and universities are shedding staff at least

[AtW]

Councils and universities are shedding staff at least

Where?

[Sam Sung]

Councils and universities are shedding staff at least

Odd, my permie predecessor *cked-off to a uni (she also got a 20% pay rise, good for her!!)

[DodgyAgent]

Apparently it continues, according to ToryScumGraph.

George Osborne, the Chancellor, said: “It is great news that Britain’s economic plan continues to create jobs and increase pay. We’ve got the highest rate of employment in our history, and real terms pay rising strongly.

Source: UK unemployment drops to seven-year low of 5.4pc - Telegraph

Nice to know all those extra taxes are going to provide new jobs to people...

Lefties will be struggling to find victims to "care" about if this carries on

[PurpleGorilla]

[PurpleGorilla]