'Real' Unemployment Figure Three Times Official Level

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Demogorgon303's picture
Demogorgon303
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Joined: 5-07-05
Jun 14 2007 07:19
'Real' Unemployment Figure Three Times Official Level

As reported in today's Guardian.

Of course, as anyone who bothers to look at the arcane world of labour market statistics, "labour market slack" has been around this level for years so this is hardly a surprise. What's interesting is that they'd decided to run a story about it ...

Joseph Kay's picture
Joseph Kay
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Jun 14 2007 07:30

2.6m of a labour force of 29.6m is 8.8%. whereas germany in with it's 'massive unemployment problems' is at 9.2% (though of course they could be pulling similar statistical tricks and it's actually higher than that)