Take a quick glance at the official jobs data and it makes no sense. In the midst of what threatens to be the worst jobs crisis since the 1980s, the official unemployment rate remains only 3.9 per cent — essentially unchanged on last year at a low not seen since 1974.
In the three months to June, a period in which job cuts by airlines, engineers and retailers came thick and fast, unemployment actually declined by 10,000 to 1.34 million compared with the three months to March.
For June alone, the data was an even bigger nonsense. According to the Office for National Statistics, the employment rate hit a record high of 76.8 per cent and unemployment dropped to 3.8 per cent. Far from a
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2020-08-11 23:01:00Z
CBMiXWh0dHBzOi8vd3d3LnRoZXRpbWVzLmNvLnVrL2FydGljbGUvbWlzc2luZy1taWxsaW9uLWh1bnQtZm9yLWxvc3QtYXJteS1vZi11ay1qb2JsZXNzLXE4czBqZjU5bdIBAA
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