Please note: As ever, this is a layman’s view of the figures. If anyone can help add colour and detail to what follows – and correct it if necessary – please do.
Let’s hope we all live long enough to look back and laugh at the euphoric reporting of the Coalition government’s slanted employment figures.
“UK unemployment fell by 57,000 to 2.51 million in the three months to May,” the BBC reported, quoting today’s release from the Office for National Statistics.
What a shame that the figure is meaningless as it bears no relation to the number of people who are out of work and not paid the minimum wage (or above), which would be a better yardstick. That figure is anything up to 11.71 million, using estimated figures from the ONS report.
This includes not only the number officially counted as unemployed, but those counted as…
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