Thursday, March 6, 2008

Unemployment Down

Unemployment is down to its lowest level since 1983, according to the government. Christine Lagarde claims, moreover, that the number of CDIs is stable and that the increased employment is not all in subsidized low-end jobs. This is certainly good news, but it seems likely to be overshadowed by renewed concern about inflation, which has claimed the headlines in recent weeks. Indeed, Sarkozy anticipated Lagarde's announcement today with a throwaway remark yesterday. His reluctance to take full credit for lower unemployment may be calculated. The government seems to have decided that the current mood of the public is so morose that good news is greeted as propaganda. Rather than be accused of denial, the government's present public relations strategy seems to be to reinforce the the widespread opinion that things are indeed bad, so as to gain points for offering appropriate consolation in the present the better to claim credit for improvements down the road. "Something will turn up," as Mr. Micawber likes to say. And with any luck, something will. Lower unemployment is not quite it--not yet, anyway, and certainly not on the eve of the municipals, when the majority does not wish to appear out of touch and indifferent to the national malaise, however exaggerated it might be. Prosperity may be "just around the corner," but recovery from a decade of "declinism" will take longer, Sarkozy has concluded. Anyway, it was a winning formula for him, and as nothing else is working at the moment, he may as well revert to a time-tested recipe.

2 comments:

Anonymous said...

"Christine Lagarde claims, moreover, that the number of CDIs is stable and that the increased employment is not all in subsidized low-end jobs."
There is something arithmetically wrong in this sentence...

Unknown said...

That's what comes of writing too fast. Right you are.