"the vast majority of people now in jobs will still be in jobs in five year's time. I'm beginning to think we should have something equivalent to the Government health warning on cigarettes included with all releases of unemployment statistics by the CSO. Something like":
Warning: a rise in the number of people in unemployment does not necessarily mean an increase in the unemployment rate (as there may also be a rise in the numbers employed); and when there is a rise in the unemployment rate it does not mean an instant return to the 1980s.
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