In the last quarter of 2009, unemployment fell by 33,000 to 2.45 million, this is the 2nd or 3rd quarter it has done this (may be totally wrong on that point) and the number of people claiming Jobseeker’s Allowance fell by 32,300 to 1.59 million in February. Now this in itself is quite an achievement, in past recessions unemployment had always risen still after the economy has re-entered growth. Back in the autumn of 2008, during the dire banking crisis and the fiscal stimulus that followed an extra £5 billion was pumped into job centre plus, this has then resulted in 10,000 new jobs being found per DAY! Of course, one particular party opposed such measures to help ease the recession, no guesses who.
Obviously, we are not out of the woods yet, there is still a bit of pain left to endure, but never again will we endure unemployment at a staggering 3 million.
Max
Its all superficial. How many more financial organisations (including the bloody EU) need to tell Labour the national debt is TOO HIGH for them to realise this is all superficial and unsustainable. The only reason unemployment is lower than it should be is because the full force of the recession hasn’t been felt because we’ve been superficially propped up by borrowed government funds. We soon will feel it though. Theres only so long the government can borrow us in to oblivion. Unemployment might be 2 1/2 million (which incidently is still very high for the post war period) but national debt is in the trillions – a record high – and guess what – its all got to be paid back and then that dilluded prophecy “never again will we have to endure unemployment at 3million” will come back to haunt you.