PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 13th Aug 2009, 13:35
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Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
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Yesterdays jobless figures were truly awful. The percentage of the population without work hit its highest for some 13 years, while the nations dole queues reached their longest for 14 years. The actual number of employed Britons fell by a record 271,000 in the three months to June, as even more people left the workforce than claimed benefits.

The 1990/91 recession ended after just 2 quarters. Unemployment continued to rise for 6 more quarters AFTER the recession had ended. The unemployment peak is the killer for airlines.

I'd wait until the UK recession has actually ended (and France and Germany are only parts of a EuroZone deeply in recession) and then I'd wait before unemployment started falling before I even thought about looking at commercial flying training. We are talking several years at least.


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