Wednesday, June 20, 2012
A strong set of job numbers
Posted by David Smith at 11:30 AM
Category: Thoughts and responses

The latest employment figures add to the puzzle over the UK economy.There is no way an economy in recession generates jobs at this rate. Employment rose by 166,000 in the February-April period. In the latest quarter there were 205,000 additional private sector jobs, partly offset by a 39,000 public sector fall. Unemployment fell by 51,000 to 2.61m. The only blot was an 8,100 May rise in the claimant count. More here.

Meanwhile, there were four votes for more quantitative easing on the Bank of England's monetary policy committee.