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December 03, 2010


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*Wince* Please...


To what extent do the same workers keep losing their jobs? It is one thing to talk about turnover of jobs in the economy, but if its the same poor sod who loses his job every 12 months, the effect is rather different than the lowish figure of 0.6% of the workforce losing their job each month might suggest.

It seems likely too that the impact would be disproportionately distributed regionally.

("booky-wook" - its a pop culture reference.)


Wouldn't it be more accurate to say that the pool of unemployed is fed by one river (job loss) and *drained* by another (job creation)?

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