Today, there has barely been a mention of any concern over unemployment. Why not? Mr Wheeler provides some answers.
1979
Unemployment: 1.4m / 4.7%
Public concern: 53% say it is biggest issue facing UK
2007
Unemployment: 1.7m / 5.5%
Public concern: 7% say it is biggest issue facing UKSource: Unemployment: ONS
I'd also suggest that we no longer have 'full employment' as a main aim. We've quietly recognised that it is not possible.
ReplyDeleteIf long term unemployment rises a lot then that will be a big issue, short term unemployment is not so much of a problem (although too high a turnover rate in general would be of concern).