Eurozone Doing Liz Economics

[life on mars]

More Liz Truss Economics :

Financial Times Reports , Eurozone economy
ECB warns of potential for ‘self-reinforcing’ inflation
OCTOBER 7, 2022.

I note Europe government's lending / borrowing to deal with cost living is at odds with Eurozone Banks..

[MOZZER2]

Re: Eurozone Doing Liz Economics

UK unemployment rate falls to 3.5%, the lowest since 1974.

not sure what to make of these stats with all the impending doom and gloom around the world

[Doucas]

Re: Eurozone Doing Liz Economics

UK unemployment rate falls to 3.5%, the lowest since 1974.

not sure what to make of these stats with all the impending doom and gloom around the world

The ONS definition of ‘unemployment’ is -

“people without a job who have been actively seeking work within the last four weeks and are available to start work within the next two weeks.

The unemployment rate is not the proportion of the total population who are unemployed.”

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/october2022#glossary

So basically we've got a bunch of unemployed people not included in this statistic. Even then working poverty is growing and wages have stagnated.

[JamesWales]

Re: Eurozone Doing Liz Economics

It's absolutely good news that the unemployment rate is falling. People can talk about benefits or inequality and all the rest, but being unemployed impacts on your life more than anything. Things are never all good or all bad, and unemployment falling is good.

[jon1959]

Re: Eurozone Doing Liz Economics

A lower unemployment rate is obviously better than a higher one, although insecure, low paid and benefits reliant jobs still form a big part of the UK labour market.

The same data release showed that the number of economically inactive (not in work or looking for work) was the highest since records began in 1971.

More vacancies than UK unemployed seeking work - for the first time since records began too. Brexit effect?

Quarterly wage rise 6% (including bonuses) but inflation running at 10%.

https://www.reuters.com/markets/europe/uk-jobless-rate-falls-slightly-35-2022-10-11/

[Canton Kev]

Re: Eurozone Doing Liz Economics

Unemployment is falling but is that the real picture?

"The number of people not looking for work because they are suffering from a long-term illness has hit a record high. The fall in the number looking for work has helped to push the unemployment rate to its lowest for nearly 50 years. The number of job vacancies fell again, although the level still remains high with many firms struggling to recruit."

Screenshot 2022-10-11 113340.jpg

https://www.bbc.co.uk/news/business-63204333

[Wales-Bales]

Re: Eurozone Doing Liz Economics

People on here like to knock Liz, but she is doing a fantastic job of following the orders from above. There will be lot's of "I told you so" to come, but that's the whole point of the dynamic duo, they are the fall guys. Enjoy the show!

[Wales-Bales]

Re: Eurozone Doing Liz Economics

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[jon1959]

Re: Eurozone Doing Liz Economics

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I can see it's a graph - but no idea what it is about or what it says.

Is it the number of hourly instructions received by Liz Truss from the Dallas Bunker?

Or the % of the world population who have woken up each day with Covid-shot black eyes?

Actually, don't tell me. It's more fun to guess.

[HyperboreanCCFC]

Re: Eurozone Doing Liz Economics

A lower unemployment rate is obviously better than a higher one, although insecure, low paid and benefits reliant jobs still form a big part of the UK labour market.

The same data release showed that the number of economically inactive (not in work or looking for work) was the highest since records began in 1971.

More vacancies than UK unemployed seeking work - for the first time since records began too. Brexit effect?

Quarterly wage rise 6% (including bonuses) but inflation running at 10%.

https://www.reuters.com/markets/euro...35-2022-10-11/

Communist

[SLUDGE FACTORY]

Re: Eurozone Doing Liz Economics

Load of bollocks

Bank Of England are seriously worried about the economy as the chancellors need to make savage cuts in spending

But hey ho......the resident tory idiots on here will back up their generals

Who it appears are leading us all into hell

[HyperboreanCCFC]

Re: Eurozone Doing Liz Economics

Load of bollocks

Bank Of England are seriously worried about the economy as the chancellors need to make savage cuts in spending

But hey ho......the resident tory idiots on here will back up their generals

Who it appears are leading us all into hell

Extremely low unemployment HELL i'm telling you 😄

[Wales-Bales]

Re: Eurozone Doing Liz Economics

I can see it's a graph - but no idea what it is about or what it says.

Is it the number of hourly instructions received by Liz Truss from the Dallas Bunker?

Or the % of the world population who have woken up each day with Covid-shot black eyes?

Actually, don't tell me. It's more fun to guess.

Gilts are back to where they were prior to the BOE intervention, so keep an eye on the pound and interest & mortgage rates, as things could get brutal pretty quickly.

[Wales-Bales]

Re: Eurozone Doing Liz Economics

Load of bollocks

Bank Of England are seriously worried about the economy as the chancellors need to make savage cuts in spending

But hey ho......the resident tory idiots on here will back up their generals

Who it appears are leading us all into hell

I admire your sentiment, but it will make more sense when you see the solution. The global economy will be restructured, and everybody will blame tizzy Lizzy and others like her.

[jon1959]

Re: Eurozone Doing Liz Economics

Gilts are back to where they were prior to the BOE intervention, so keep an eye on the pound and interest & mortgage rates, as things could get brutal pretty quickly.

Ah, gilts. Thanks for that. How much did the BOE splurge this time to put a break on the rise?