Friday, 13 October 2017

Unemployment in the UK is now so low it's in danger of exposing the lie used to create the numbers

an article by Jim Edwards for Business Insider UK
  • Government statistics put unemployment in Britain at just 4.5% — a low not seen since the 1970s.
  • But the real rate of unemployment is four times that.
  • We walk you through the evidence that shows why official unemployment numbers are so misleading.
  • Economist Danny Blanchflower and Richard Clegg of the ONS challenged this article. See more on that debate here.
  • The ONS also produced household data suggesting that the true rate of unemployment is 3 times greater than the government's preferred statistic.
Continue reading and discover lots of compelling statistics, links to other sources of data etc.

With grateful thanks to Carolyne Kershaw for the alert on this which is not a source I commonly read.


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