Harnett Accountants Richmond brings you this interesting article from the business section of the BBC News website. It seems that there is a disparity between the economic growth forecasts and the real published employment figures:
“Here’s the statistic that Britain’s finest economic brains simply cannot explain: the number of people in work in the UK has risen by 201,000 in the three months to June, a period in which our national output is supposed to have shrunk, by 0.7%
It’s good news that there are more people in work, and that unemployment has fallen by 46,000 in those months as well. But it’s not necessarily good news that collectively, as a nation, we seem to be needing to hire a lot more people, to make less stuff….”
Source: full article
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