Worrying times

• Autores: Michael Blastland, David Spiegelhalter
• Localización: New scientist, ISSN 0262-4079, Nº. 2920, 2013, págs. 26-27
• Idioma: inglés
• DOI: 10.1016/s0262-4079(13)61426-8
• Texto completo no disponible (Saber más ...)
• Resumen

  • Unemployment, the great plughole in economic fortunes, is less gaping than predicted. Yet, contrary to the figures, surveys still suggest a deep fear of job loss, which is eroding consumer confidence and stifling recovery. Here, Blastland and Spiegelhalter reveal that the UK's unemployment levels have certainly set no records despite the 2008 financial crash sparking a calamitous decline in gross domestic product. In fact, the country's unemployment rates are so out of line with other economic indicators and what happened in previous recessions--improving even as the economy idles--that economists have been scratching their heads for an explanation