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Treat with caution!

Alongside the claim of an Olympics boost to the economy, is the claim of an Olympics jobs boost. It is certainly the case that some temporary jobs will have been created during the summer, but it is entirely unclear how many and these claims have been made without any detailed supporting evidence. The Olympics was supposed to have helped reduce unemployment by some tens of thousands between March and May without any specific information as to what these jobs were long before the Games began and after construction had come to an end. Then again in the third quarter the same claims were made, this time for 100,000 Olympics jobs, once again without any specific evidence. Given that tens of thousands of Olympics jobs had already been claimed for the previous months one has to wonder what all these people were doing. According to the statistics 101,000 more people were in work in London during the summer so it seems all of these are simply credited to the Olympics! The other 'evidence' cited is a claim by the Games' organisers that the Olympics would create around 200,000 jobs, 70,000 of which would be volunteers, so these figures appear to have been swallowed whole as the basis for the jobs boost. Of course all sorts of claims for job creation have been made over the years, some of which have then been disowned by the same organisers who proclaimed them, while in other instances the organisers have been unable to provide any information in support of their projections.

As the LDA said on a previous occasion 'treat with caution'.

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