Scriptonite Daily

UE1

One of the purported achievements of the Coalition government’s disastrous economic policy of austerity, has been the unemployment figures.  Pundits say that at 7.8% (2.51m) they are nothing to shout about but not the disastrous rates seen in states such as Greece (26.9%) or Spain (26.3%). In reality, the unemployment rate is more than double this in many areas, while those in employment are facing ever worsening conditions to retain their non-jobs.

Messing with the Figures

 UE2

We have the Thatcher government to thank for the majority of the statistical trickery which currently renders the government released unemployment figures redundant.  Prior to 1979, the unemployment rate was anyone registered as unemployed, this was converted to a percentage of the total workforce and that was the published unemployment rate.  Then some changes came in:

  1. Redefining Unemployment:  originally defined as those ‘registered’ unemployed, changed to only count…

View original post 1,812 more words