
The unemployment pain is only just beginning
This is not even the end of the beginning. Unemployment is rising at the fastest rate since monthly records began, but it will keep rising for two more years. Every month we’ll get this. Every month, Cameron will say “your ‘help’ isn’t working,” and every month he’ll be right. I have two graphs below that make this point. The first compares the monthly rise of this recession to that of Major’s recession. And, below that, the trajectory of this recession versus the previous three. Have a look at the bottom scale: that’s 36 as in 36 months. Three years of rising unemployment. So it will last right up to the
