Recovery - Not yet!

[finnbow]

Originally Posted by Charles

I can appreciate how they arrive at their figures, what I question is what they're using for data.

If you calculate in those who were dropped from the UE rolls for one reason or another, young people who would normally be entering the workforce but have moved back in with mom, under and part time employment, you wind up with a different picture.

I'm not questioning that we're down a half a point from last year, I'm questioning the baseline figures themselves.Chas

Sorta doesn't matter IMHO. If the data is analysed in the same manner every month, the fact remains that unemployment went down 0.5%. Anyone who knows a thing about unemployment figures knows that there's a difference between structural unemployment, total unemployment and these figures. It's the trend in these figures that matter IMHO.