Decoding the Unemployment Figures Exposes the Truth (New Statesman)


David Blanchflower, the Bruce V. Rauner Professor of Economics at Dartmouth and the economics editor of New Statesman, writes in an opinion piece in the magazine that a recent report on Britain’s labor market shouldn’t be taken at face value.

Although the Februrary 20, 2013, report from the Office for National Statistics said UK unemployment in the past quarter had fallen by 14,000 and employment had reached a record high, Blanchflower says those who thought the news affirmed the wisdom of the government’s economic strategy were mistaken.

“The government’s claim that it has created a million private-sector jobs is false. … Fiddling the data isn’t the same as creating private-sector jobs.”

Read the full story, published 2/28/13 in New Statesman.

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