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Do today's lower unemployment figures really mean fewer people are out of work?

Do today’s lower unemployment figures really mean fewer people are out of work?

The government will no doubt be ecstatic about new figures from the Office for National Statistics, claiming that unemployment has fallen again and now stands at 2.02 million, or 6.2 per cent of the workforce.

That does not mean more people are in work!

We know from other statistical releases that the highest rise in – let’s call it – ’employment’ is due to people claiming they are self-employed (whether they are actually doing any work or not – some are sole traders who have stayed on past retirement age because business has been poor, while others are unemployed but prefer to claim tax credits rather than run the gauntlet of unfair benefit sanctions at Job Centre Plus (until HMRC catches up with them)).

And the proliferation of ‘Mandatory Work Activity’ schemes means another large proportion of people without jobs are being wiped from the books every month, while they slave for large corporations at the taxpayers’ expense.

This is reflected in the fact that average wages have risen by just 0.6 per cent in the last year. Take out executive pay and you can bet that average pay has fallen.

Now let’s add in the fact that CPI inflation is at 1.5 per cent – almost one per cent higher than the fiddled rate of pay. And RPI inflation is even higher, at 2.4 per cent.

This means, as the BBC News article points out, that “for most of us, there’s more month left at the end of the money and not vice versa”.

These figures are a disaster for the majority of British people who are on low pay and/or benefits.

Do not let Tory politicians or their mouthpieces in the media fool you.

It is all part of your government’s policy to weaken and enslave the most vulnerable.

Follow me on Twitter: @MidWalesMike

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