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Wednesday, 17 April 2013

Unemployment rises to 7.9%

See below an excellent infographic from the ONS

So what does it tell us?

Well it shows that statistics are interesting but it does not shed much light on the direction of the economy.  The actual number of claimants of Jobseeker's Allowance has actually fallen which the government will welcome.  More people (especially women) are entering the labour market which may well be the result of flat wages and moderate inflation which is squeezing  family incomes.  

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