Glass half empty or full? The two ways of viewing latest UK jobs figures
by Larry Elliott, Economics editor from on (#62J3E)
Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate
There are two ways of looking at the state of Britain's labour market. In one it is a case of the glass being half full, in the other half empty.
If you are a government minister you take the former view. Nadhim Zahawi said the unemployment rate of 3.8% has rarely been lower in decades and the chancellor is right about that.
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