Unemployment rate up from 7.1 to 7.2%.
Unemployment down 125k.
Employment rate up 0.3%
Employment up 193,000.
— Guido Fawkes (@GuidoFawkes) February 19, 2014
You might be reading this with the ground floor of your house underwater but it doesn’t matter: you are officially the happiest you have been this parliament. Today’s unemployment figures provide a statistical anomaly of seeing the rate rise 0.1% even though the actual number has fallen by 125,000. Choose which stat you want to use as per partisan preference.
There has been a small increase in Retail Price Index inflation, though the small fall in the Public Sector Net Cash Requirement provides some cheer. As you can see from the chart to the right, seasonally adjusted public sector debt aside, there is a clear trend of a decline in misery since February 2011…