Tuesday, October 30, 2007

Unemployment Stats in the UK

To what extent do the official UK figures for unemployment accurately reflect economic reality ? (30)
View: answer here - unemployment

See also: Measuring Unemployment - a look at the Claimant Count and Labour Force Survey measures

An interesting question on the extent of unemployment in the UK. It is easy to look at the government statistics and feel everything is rosy. However, if you delve closer into the statistics we realise they often mask other issues. The unemployment figure is a good example.

Side note. When I was an economics student back in the early 1990s I attended a conference with Arthur Scargill as a guest speaker. The one thing that stuck in my mind was that he kept referring to the 4.5 million unemployed. - This was at a time when the official unemployment figure was 2.2 million.

See: true extent of unemployment


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