Recent employment data are positive but it is too soon to say they will continue to get better
I have a post at Left Foot Forward, looking at yesterday’s employment figures. I argue that the DWP’s press release spun them as better than they were. The release uses a rather dubious move to play down the significance of the 28,000 increase in unemployment and the public sector employment figures show that last year public sector employment fell 270,000 while private sector employment only rose 226,000. The increase in unemployment is entirely accounted for by a rise in part-time employment: the number of people in full-time jobs actually fell. I’m especially cautious because we saw an improvement like this a year ago but it petered out in the second half of 2011 – I argue we should wait a few more months before we throw out hats in the air.