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German economy slows in third quarter 2013 to .3%, less than half the .7% rate of previous quarter-BBC

November 14, 2013

11/14/13, “Germany’s economic growth slows,” BBC

Germany’s economic growth slowed in the third quarter of the year while the French economy contracted, according to the latest official figures.

Germany’s economy grew by 0.3% in the July-to-September period, less than half the 0.7% growth rate seen in the previous quarter.

Earlier, figures from France showed its economy contracted by 0.1% in the third quarter of the year. The French economy had grown by 0.5% in the previous three months.”

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Middle class jobs disappearing in UK:

11/13/13, “Jobs for ‘squeezed middle’ on the decline,” UK Telegraph, Alan Tovey

“Think-tank study reveals number of middle-paying jobs is falling while employment in high and low paid roles on the increase as labour market polarises.”

“Pressure on the squeezed middle classes is growing as the economy finds a ‘new normal’ in the wake of the financial crisis with the number of low-paid, low-skill and high-paid, high-skill jobs increasing, but those caught in the middle dropping in availability.

New research from think-tank the Resolution Foundation and the London School of Economics adds to concerns the UK is heading for a two-tier labour market as result of the prolonged downturn.

The study – titled A Polarising Crisis? – found that the number of people in middle-paid roles – as defined by average pay – fell by 170,000 to 14.61m between 2008 and 2012.

Over the same period the amount of people in low-paid employment rose by 190,000 to 7.86m and the number of best remunerated jobs increased by 140,000 to 6.79m.

James Plunkett, director of policy at the Resolution Foundation and author of the report said: “It is well known that the last few years have hit employment hard, but they have also reshaped our labour market.

“With low- and high-skilled occupations expanding while middle-skilled occupations decline, the worry is that the UK is drifting towards a two tier labour market, and a recovery that isn’t broadly shared.”…

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