The Guardian has reported this morning that:
The UK unemployment rate has fallen to its lowest level in four and a half years, to 7.4% in the three months to October.
Today's data is much better than economists had expected, with the total of people out of work hitting its lowest level since April 2009, at below 2.4 million.
That sounds good, but let's go behind the data and then from the ONS you find this said today:
For August to October 2013, there were 1.47 million employees and self-employed people who were working part-time because they could not find a full-time job, the highest figure since records began in 1992. For August to October 2013, almost a third of male employees and self-employed people who were working part-time were doing so because they could not find a full-time job. The corresponding figure for women was 13.7%.
Now not so good, eh?
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Bang on, Richard! More statsitical scams and cons by these proto-fascist, mendacious thugs.
Don’t forget those who are working a number of part-time jobs but working full time hours out of sheer necessity. Which makes any raising of the income tax allowance look even more like a big hand out to the already well-off.
I love the way the media are spinning this, like they have laughably for the past few months spinning a titanic growth in GDP of, er….0.8% as “real, sustainable growth!”
Meanwhile, consumer borrowing has gone up to £1.4 trillion.
What to you reckon to this propaganda job from The Ministry of Truth? “Despite what some would have you believe, here’s proof most jobs growth over past year is full-time #jobstats pic.twitter.com/sHgWY14uPj”