As the economy endured the third quarter of a double dip recession, the jobs market bloomed. Employment in the three months to June rose by more than 200,000, the sharpest quarterly increase for almost a quarter of a century. Confused? If so, you are not alone. The Bank of England, the City's finest and the cream of academia are scratching their heads as they try to work out what is going on because, historically, a fall in national output has meant lengthening dole queues. Three explanations have been put forward, none of them entirely convincing. The first is that the Office for National Statistics has been ... (full story)