This is an interesting assessment of the real state of UK unemployment;
http://www.shu.ac.uk...oyment-2012.pdf
Its main conclusions are;
"
For Britain as a whole in April 2012, the new figures point to more than 3.4 million
unemployed. This compares to just 1.5 million on the claimant count and 2.5 million
according to the Labour Force Survey – the government’s two official measures of
unemployment. The difference is attributable to extensive hidden unemployment.
..
........
Hidden unemployment is disproportionately concentrated in the weakest local
economies, where claimant unemployment is already highest. The effect has been to
mask the true scale of labour market disparities between the best and worst parts of the
country.
.......
Comparisons with similar data for earlier years shows that Britain was still a long way off
full employment before the 2008/9 recession. Full employment is now still further away
and the real rate of unemployment is higher than at any time since 1997.
........
The report casts serious doubt on the likely impact of the Coalition government’s
reforms, notably the Work Programme and Universal Credit, which are founded on the
assumption that unemployment can be brought down by encouraging the unemployed to
find work. The evidence points to large and continuing shortfalls in job opportunities
away from the most prosperous parts of southern England."
And thats what you get when you have no meaningful Industrial stratergy.
Br Cornelius
I believe nothing, but I have my suspicions.
Robert Anton Wilson