Unemployment
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On whether the Prime Minister was concerned about the rise in unemployment, the PMS said that we were concerned with the rise. Given that unemployment was over 2.5million and given that there were record numbers of people of working age who were economically inactive, we needed to take action to get the private sector moving again and generate more sustainable private sector jobs in this country.
Asked whether it was a concern that wages had risen 4.2%, the PMS said that that was down on last month. In the past couple of years there had been a high degree of wage flexibility, with people taking pay cuts or reducing their hours.
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