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Bravo Cameron and Cleg - Britain's jobless rate hit a 15-year high of 8.3%

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-16-11 06:24 PM
Original message
Bravo Cameron and Cleg - Britain's jobless rate hit a 15-year high of 8.3%
http://www.guardian.co.uk/business/economics-blog/2011/nov/16/youth-unemployment-caused-by-coalition-policies
<snip>
Britain's jobless rate hit a 15-year high of 8.3% percent in the three months to September, when youth unemployment surged past one million people for the first time. Photograph: Facundo Arrizabalaga/AFP/Getty Images

It was clear Wednesday's jobless figures were going to be bad when it was announced that David Cameron was holding a breakfast summit at Downing Street to discuss youth unemployment.

Sure enough, the news released by the Office for National Statistics was dire. Unemployment rose at its fastest rate on the internationally agreed measure for almost 17 years, employment fell even more precipitously and – surprise, surprise – the number of young people out of work rose through the politically sensitive 1 million level.

The government's response was equally predictable: to blame the crisis in the eurozone and slower growth in the global economy, to shed a bucketload of crocodile tears and to pledge action to find jobs for young people.

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corpseratemedia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-16-11 06:30 PM
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1. All you need to know about austerity:
It doesn't work
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Nuclear Unicorn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-16-11 06:31 PM
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2. Would that our unemployment was only 8.3%
The President would be 10 points higher in the polls.
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-16-11 06:37 PM
Response to Reply #2
3. Exactly
.
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