- Original Poster
- #1
Look guys and gals I'm just a fick brummie so most things are a mystery to me in life unless it's football. So excuse the question but I don't understand how these statement can be true.
1. The unemployment rate fell to 7.7%, from 7.8% in the previous quarter.
2.The number of people in work increased to 29.7 million. This is a record.
Because.
1. The UK economy shrank by 0.3% in the last three months of 2012
2. Manufacturing fell by 1.5% in the fourth quarter, the services sector was flat, but construction output rose by 0.3%. Within the manufacturing sector, mining and quarrying output fell by 10.2%, the biggest decline since records began in 1997.
What am I missing ? more people working less being produced, less being sold. Are people being employed to sit on the arse ?
1. The unemployment rate fell to 7.7%, from 7.8% in the previous quarter.
2.The number of people in work increased to 29.7 million. This is a record.
Because.
1. The UK economy shrank by 0.3% in the last three months of 2012
2. Manufacturing fell by 1.5% in the fourth quarter, the services sector was flat, but construction output rose by 0.3%. Within the manufacturing sector, mining and quarrying output fell by 10.2%, the biggest decline since records began in 1997.
What am I missing ? more people working less being produced, less being sold. Are people being employed to sit on the arse ?
