Employment Figures
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Put to the PMOS that the employment figures published today had shown one of the biggest monthly rises in 15 years, and what was the reaction to them, the PMOS replied that people should look back at last month’s figures which had shown that unemployment had fallen by 2000. It was not therefore possible to say that this was part of a trend, because if people looked back over the last year, employment had risen by 178,000. Therefore, in terms of the overall economy, that was where we were. Clearly, people would be looking to see the particular reasons for last month, and what the figures would be next month.
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