UK ‘hidden joblessness’ one of the highest in Europe

Labour’s economic miracle is revealed for all to see thanks to Chartered Institute of Personnel and Development (CIPD) analysis of official Eurostat data, which found the UK accounts for one in seven of Europe’s entire hidden jobless population.  This hidden jobless are defined as people of working age who are not active in the jobs market but are willing to work.

According to Eurostat only five EU countries – Estonia, Italy, Latvia, Austria and Poland – registered higher rates of this type of economic inactivity than the UK, which reported a rate of 5.9 per cent in the third quarter of 2009.  Britain’s performance was particularly poor in relation to male unemployment, where only eight member states exceeded the UK’s male jobless rate of 9.1 per cent.  Dr John Philpott, the CIPD’s chief economic adviser, said:

“The UK may draw comfort from having lower measured unemployment than the EU average but in truth we are no better than a mid-table performer in the EU jobless league.

“Taking hidden joblessness into account makes the UK’s relative performance look less impressive still, and once again highlights the scale of the macroeconomic and employment policy challenge that awaits us in the next few years.”

This just goes to show Labour can massage the figures and spin statistics all they like, but the truth will out.  Now the real extent of our job market weakness compared to the major European nations is laid bare, added to our declining education standards and increasing reliance of people on welfare – where the cost is increasing by billions each year – we can see the mismanagement of the country by this pathetic and spiteful government is harming our competitiveness and storing up long term problems for us.

Labour’s answer is to keep spending other people’s money and to borrow like mad to ‘stimulate’ growth. That is the socialist way.  But footing the bill for welfare payments and losing out on the tax receipts that would be collected if these people were in work, is unsustainable and ruinous. It failed in the 1970s and Labour is failing again. The only thing that is unknown is the size of the debt Labour will leave for future generations to pay off once Brown and his politburo are finally ejected from office.

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