The headline employment data today looks good. 239,000 new jobs.
However, self-employment accounted for 146,000 of the increase. But as I have shown, firstly no one really knows how many self employed people there are and secondly, they earned an average of £10,400 each in 2011-12, on a steadily falling trend. These people will be living below the breadline.
So will those in new part-time work, where the figure rose by 74,000.
There were, therefore, just 19,000 new full time jobs. I bet most of those were minimum wage and zero hours contracts.
The exploitation of the UK goes on.
This is no cause for celebration.