Nations choose to adopt policies that force their public into austerity.
The number of people unemployed in the UK rose by 38,000 to 2.49 million in the three months to June.
This took the jobless rate from 7.7% to 7.9%,the Office for National Statistics said.
The number of people claiming Jobseeker's Allowance also rose, by 37,100 in July to 1.56 million, its biggest increase since May 2009.
http://www.bbc.co.uk/...
Of course, throwing thousands of public sector workers out of a job and squeezing the ridiculously low welfare benefits of the poorest were always going to lead to more jobs, well maybe if you had swallowedsome serious drugs during your economics lessons as a Bullingdon Clubber. After all a riot is acceptable if you can throw the cash back at the place you trashed.
The official figures also showed that between April and June:
- The youth unemployment rate rose to 20.2%, up from 20% in the quarter to March
- There were 949,000 16 to 24-year-olds without work, a rise of 15,000
- The number of unemployed men increased by 18,000 to 1.45 million
- The level of unemployed women rose by 21,000 to 1.05 million - the highest figure since May 1988
- The number of employees working part-time because they could not find a full-time job increased by 83,000 to 1.26 million - the highest figure since comparable records began in 1992
- The unemployment rate remained the highest in the north-east of England, at 10%
- The south-east of England still had the lowest rate of unemployment, with a rate of 5.8%
- The unemployment rate in Scotland was unchanged at 7.7%, in Wales it jumped to 8.4%, and in Northern Ireland it crept up to 7.3%
- Average weekly earnings, including bonuses, were 2.6% higher than a year ago
Just to add to the last point, inflation is nearing 5%.
Meanwhile, in the Countries that decided not to starve their poor, the economy is
rebounding very nicely, thank you very much.