Unemployment continues to rise and there isn't going to be a let up soon. The poor growth in the EU and USA means that the world economy is not growing fast enough to maintain employment.
I have written at length on youth unemployment before, but that has reached a new high, and again this has a way to go.
A factor that is making things worse is the fall in public sector workers. 65,000 fewer public sector workers were offset by only 5000 more private sector workers. Remember the plan was that the private sector would grow enough to allow for the public sector expenditure cuts.
While the situation gives scope for cheap jibes of 'too much too fast' there does have to be serious questions about how best to deal with the situation. Policy trade-offs are a harsh reality for everyone.
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