this post was submitted on 13 Jun 2024
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Sounds quite serious:
They really do mean "record". I think if we adjust it for population growth since 2012, it's not as stark but it's still bad.
Adjusting for population it seems to be about the same - population has gone from about 4.3 million in 2013 to 5 point whatever million is it now.
I think it's cold comfort though that every time we get a downturn like this, we do austerity that makes things even worse and let key sectors like construction just collapse and workers relocate to places where they actually try and do counter cyclical support.
Yes austerity is sort of entrenching our downturns for longer. I guess it's not so much that we're losing people, as who we are losing.