In our first term we banished the demons of […] mass unemployment …
Tony Blair, in "The Labour Party manifesto 2005"
</a></b></a>atreic quoted a section including this earlier, and I found that it didn't match up with my own memories. Granted, I admitted, my own memories were crowded by redefinitions of
unemploymentat the time, and other such factors, but it still doesn't feel right. Then </a></b></a>ewx was good enough to produce this paper which includes graphs.
Particularly note Figure 2 which strongly suggests that Labour merely maintained an existing downwards trend in unemployment during their first term (1997-2001) (which then appears to level off during their second term).