19th April 2012 — Filed under: Economics
Yesterday I wrote that the ‘recovery’ in the labour market was driven part-time and precarious work and marked by falling real wages. The chart below sums up many of the outstanding issues:
Comment made by Gareth on Apr 19th 2012 at 9:16 pm:
Yup, horrible graph. And even when it was rising 2010-2011 it was only keeping up with population growth.
Trackback made by The labour market’s underlying weaknesses | ToUChstone blog: A public policy blog from the TUC on Apr 20th 2012 at 1:01 pm:
[...] bit deeper, there’s some very worrying trends. The big factor was summed up in Duncan’s labour market in one chart yesterday: the overall improvement is masking a longer-term stagnation in full-time employment. In [...]
Comment made by Anthony Lawton on Apr 23rd 2012 at 12:46 pm:
The chart is important and the situation it communicates appalling (and personal – I am hunting a full-time role); but it would ‘sum up’ the issues better if it followed good statistical chart practice and indicated that the left hand axis actually does not start at zero, with the customary couple of slanted lines or similar.