the next boom, page-24

dear milesg, regaridng your 300,000 increase in unemployment there was an article that explained the break up. of the 300,000 increase 200,000 is attributable to school leavers and the 100,000 is retrenchments.

The problem with retrenchments is that the first to go are the older workers and the less skilled.

Hopefully the old workers have bought early in life and have minimal martgages while the unskilled, by deduction are the lowest paid and tend to be the renters as they cant afford or not inclined.

Again using raw stats can be misleading