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Thursday, 24 January 2013

Info Post
Bob E has had a look at the stat's:
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Which is, probably, just a personal one - being as I am so damn thick - and relates to the "employment figures" which were released this a.m and have been somewhat overshadowed by the Mighty Ding's speech, even though they contain yet more "good news".

Anyway - the ONS press release includes the statement

"The unemployment rate was 7.7%, down 0.1 on the quarter. There were 2.49 million unemployed people, down 37,000 on the quarter."

They then break that down further as follows, Between June to August 2012 and September to November 2012:

* the number of people in full-time employment increased by 113,000
* the number of people in part-time employment fell by 23,000

So that means 90,000 net new jobs entered into by persons aged between 16 and 64 "entering work".

* the number of unemployed people fell by 37,000, and
* the number of economically inactive people, aged from 16 to 64, fell by 13,000


Which in total is 50,000, so that means 40,000 persons aged between 16 and 64 who were not previously recorded as either unemployed or Neet "entered work". And that figure could be slightly higher allowing for "deaths" amongst both those classified as "employed, unemployed, or Neet" previously.

I am left concluding they can surely only be young persons actually reaching the age of 16 in the three months of the "survey period" minus the number of people reaching retirement age (and actually retiring). Or visiting extra-terrestrial aliens.

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