Wednesday, May 06, 2020

10,000 employed under Labour

The quarterly labour market statistics have been released, and unemployment has risen to 4.2%. There are 116,000 unemployed, just 10,000 fewer than when Labour took office. Obviously, this is pre-pandemic, and things are likely to change dramaticly in the next few quarters. So I guess we can take this as the baseline, and measure the success or failure of the government's job-protection measures by how long it takes to return to this level.