Some interesting thoughts though in reaction to this news:
- There are still heaps of part-time workers who cannot find full time work or don't want to.
- The massive rise in self-employment continues unabated
Both of these two measures may well herald a permanent shift in the jobs markets. People are feeling from full-time PAYE work in order to work less but potentially earn more post-tax. Self-employment certainly is more likely to result in lower taxes than PAYE, even if it also correlates with lower income.
- Overall joblessness is has dropped quite a lot in the year, about 250,000
Surely this is very bad for Labour and their constant attacks on the economy, cost of living etc?
Finally, years and years ago I wrote that all studies show it take 7 years to get over a financial crisis and here we are , just 2 months of the seven year anniversary of Northern Wreck going under!