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Unemployment rate falls to 4.3% as wages stagnate

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    Unemployment rate falls to 4.3% as wages stagnate

    Amazing isn't it? Soon there'll be no unemployed working able people left in the UK.

    What's really going on here? Tory's doing a first class job managing the economy? Cause the economy or productivity levels don't appear to be improving, in fact the reverse.

    Or an ever increasing ageing population with fewer employable people messing up the stats?


    Unemployment in the UK fell by 75,000 in the three months to July, official figures show, bringing the jobless rate down to 4.3%.

    This is a fresh 42-year low, but a squeeze on real incomes continues.

    Wages in the period were 2.1% higher than a year earlier, little changed from previous months' growth rates.
    With inflation hitting 2.9% in August, its joint highest in more than five years, wages are failing to keep up. In real terms, wages dropped by 0.4%.
    source: Unemployment rate falls to 4.3% as wages stagnate - BBC News
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    #2
    Originally posted by scooterscot View Post
    Amazing isn't it? Soon there'll be no unemployed working able people left in the UK.

    What's really going on here? Tory's doing a first class job managing the economy? Cause the economy or productivity levels don't appear to be improving, in fact the reverse.

    Or an ever increasing ageing population with fewer employable people messing up the stats?
    I see Lord Haw Haw is up.

    Comment


      #3
      I think that "wages stagnating" is the BBC desperately putting -ve spin on +ve news.

      rather like "pound falls" = expensive foreign holidays, inflation up, economy weak
      pound rises again, not a peep

      Comment


        #4
        Originally posted by Platypus View Post
        I think that "wages stagnating" is the BBC desperately putting -ve spin on +ve news.

        rather like "pound falls" = expensive foreign holidays, inflation up, economy weak
        pound rises again, not a peep
        We're still importing a shed load of people which will cap wage growth.

        Comment


          #5
          Many are employed part time on part time wages, so yes both unemployment and wage figures will be reduced, while working tax credits and whatever other supplements they qualify for/need are higher than if they were in full time work at full time wages.
          Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

          Comment


            #6
            Originally posted by The_Equalizer View Post
            I see Lord Haw Haw is up.
            or as scooter would probably spell it, Lawd Huagh Hore
            Work in the public sector? Read the IR35 FAQ here

            Comment


              #7
              Originally posted by Platypus View Post
              rather like "pound falls" = expensive foreign holidays, inflation up, economy weak
              pound rises again, not a peep
              Yup, standard BBC drill, also rather like

              Several army guys arrested on suspicions of neo-Nazi links - big hoo hah
              All of them almost immediately released without charge - not a peep
              Work in the public sector? Read the IR35 FAQ here

              Comment


                #8
                Unemployment rate falls to 4.3% as wages stagnate

                Originally posted by Platypus View Post
                I think that "wages stagnating" is the BBC desperately putting -ve spin on +ve news.

                rather like "pound falls" = expensive foreign holidays, inflation up, economy weak
                pound rises again, not a peep
                Originally posted by OwlHoot View Post
                Yup, standard BBC drill, also rather like

                Several army guys arrested on suspicions of neo-Nazi links - big hoo hah
                All of them almost immediately released without charge - not a peep


                Maybe because it doesn't fit your narrative when the BBC reports something that you consider positive?

                http://www.bbc.co.uk/news/business-41237552

                http://www.bbc.co.uk/news/uk-41218006
                http://www.bbc.co.uk/news/uk-41241153
                Bad BBC for daring to report this when they are only supposed to report news that makes them seem biased

                Originally posted by original PM View Post
                …Maybe we ain’t that young anymore

                Comment


                  #9
                  After Brexit it will be back to 1970's style high wage growth.

                  I'm alright Jack

                  Comment


                    #10
                    Originally posted by BlasterBates View Post
                    After Brexit it will be back to 1970's style high wage growth.

                    Backup has arrived in the form of random assumptions.

                    Comment

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