Wednesday, February 15, 2012

Picture of the Day: Meanwhile, Across the Pond...

As the US employment situation continues to improve, in the UK things are getting worse:

Actually, that is a bit misleading, the number of people in work has risen but this is largely due to part-time workers who want full-time work, which, as I understand it, in the UK counts in both the jobs figures and in the unemployed figures.

Debate away about austerity v. stimulus but two cautions: one, there is no counter-factual and two, the proof is in the long-term as well not just the short term.

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