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Unemployment, however, is high by any standard, with nearly one-third of the eligible labour force out of work.
The proportion of the work force out of work for more than 15 weeks reached 5.7percentt in October, well above the 4.2percentt figure reached in 1982.
Although the cap will force out of work families out of parts of London, it will affect only 50,000 families and will have less impact than the housing benefit cuts announced in the budget.
Abitibi said it would indefinitely shut paper mills in Lufkin, Tex., and Port-Alfred, Quebec, on Sunday, putting about 1,220 employees, or 8percentt of its work force, out of work.
This restructuring of industry, however, came to an end with the serious rise in unemployment that began in 1920 and culminated in 1921 in a full-scale industrial depression with nearly one-fourth of the labour force out of work.
And that, believe it or not, Is a full 5.5percentnt of the nation's labor force out of work in September, as compared to 5.1percentnt in August.
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Even those who were not forced out of work have struggled.
And we know that for people in low-paid jobs, wages are forced down even further while some people are forced out of work altogether.
2. Theresa May: "We know that for people in low-paid jobs, wages are forced down even further while some people are forced out of work altogether".
A new report from the Equality and Human Rights Commission suggests that each year 54,000 women are forced out of work after having a baby.
Parental leave that is generous, but not too generous, is essential if mothers are not to be forced out of work by lack of support, or eased out by a surfeit of it.
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