Misery Index : Reaches New All Time High


Oh dear. Unemployment rose by 27,000 in the three months to the end of January to 2.53 million, the highest since 1994. The jobless rate is now 8%. The Misery Index is taken from the latest figures from the Office for National Statistics and incorporates inflation and unemployment as well as a deficit component. The continuing rise in unemployment means misery is creeping up…

N.B. Stats bods can check Guido’s adding up here.

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