There are two conflicting accounts of what has happened in the labour market since the onset of the Great Recession. It will amaze Socialist Review readers but there is a story doing the rounds that we are in the middle of a "jobs boom".
From FT journalists to government statisticians there is a view that employment levels are now higher than at any time since the collapse of Lehman Brothers. They claim that 584,000 jobs were created in 2012 and that unemployment is 7.5 percent, which some have called the "productivity paradox" while others inelegantly describe this as "growthless jobification". They even go on to say that the shape of the UK labour market is changing, led by professional occupations, including lawyers, accountants and, heaven help us, management consultants.