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The great British jobs mystery, according to UK's Hoban

Wednesday, October 17, 2012 - 03:44

Oct. 17 - UK unemployment again falls faster than expected despite weak growth numbers. We speak to UK Employment Minister Mark Hoban to explain the disconnect.

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The UK jobs mystery deepens unemployment again falls -- unexpected. Despite the lackluster growth numbers the number of people in employment actually hits an all time -- Joining me now as you can prime minister Moscow -- minister many thanks so he with -- it -- a good day if you poll are you also scratch your head and went to work out how these numbers tally with the backdrop. But this is a landmark day because we as we -- record numbers of people good luck. -- -- 2000 fewer people claiming what benefits today compared to may 2010. But -- -- deep seeded challenges that tea and wants you to -- fallen below a million. There is a -- real issue about it long to meet and employs. Most unemployment is still a challenge for us so what has some good news these -- also highlights the challenges and some difficulties that we need to -- economy. But again back to this than my previous question this. This this this these highs for the number itself against the backdrop of a very weak economy. You know I don't -- wrong with these numbers so we're not a recession. Well yeah I think what we see I think it. It is a very resilient. Profit -- today that we last month. We that we sold that to be admitted he tells me -- but -- second since may 2010. -- the project is recruiting. It's more than offsetting the contraction in the public sector and I think what we've seen some of these benefits from the flexibility. All the Canadian markets. Floating through these legacy and we've seen. -- -- and increased number of part time jobs in the markets and actually is a pot come to the people wants an idiot -- second Stein. Tone -- to Naples to juggle. It response was is home to specific health issues with working -- we have for the UK a -- -- -- labor markets and we see the benefits of that tonight. All right I'm. Let -- put it a slightly different way I am if if if indeed these numbers off telling them that that the Wright story then then then UK workers must be among the least productive in Europe. But it what we're saying is recruitment it in a range of sectors which are all to think paper intensive life. You've been talking on the course of last month the site to employs different sectors and distribution. In national hospitality. You know where they all recruiting. Launch numbers of people and I hate it that that's -- -- demand that that that. We -- big increase in in recruitment and science technology. So I think once you sought to -- the numbers. You see you very labor intensive -- starting to recruit. What are your -- when I guess -- Yo-Yo yo before tax on what what does -- say about growth to -- But it would it it tells me it's not the product sectors resident. If he's doing the right thing is able to recruit. People thinking about the long term roll all the makings of -- -- decisions denying that demonstrates a confidence. In the UK economy. Given what's coming from in the public sector is is this as good as it gets. Well -- I'm not going to predicts levels employment going. Ford's. Be it diesel good numbers but you were indicate to us from the challenge that we face in the future. And we -- complacent. It we've got a number of programs in place to multiple term unemployed to help young people -- into. You will continue to focus our efforts on those groups. All right Melissa thanks for talking with acute. And -- -- mock hope and that's a cent from me I'm -- throw for this is crisis.

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The great British jobs mystery, according to UK's Hoban

Wednesday, October 17, 2012 - 03:44