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Unemployment increases by 35,000 to pass 2.5 million

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  • Unemployment increases by 35,000 to pass 2.5 million

    December 15, 2010

    The Government was given some grim pre-Christmas news on jobs today when unemployment increased by 35,000 and the number of young people out of work reached near-record levels.

    The jobless total climbed to 2.5 million in the quarter to October, a rate of 7.9%, the highest since the start of the year.

    There were 839,000 people unemployed for more than a year, up by 41,000 over the three months and the worst figure since 1997.

    The Office for National Statistics also reported that the number of 16 to 24-year-olds out of work increased by 28,000 to 943,000, one of the highest figures since records began in 1992, giving a jobless rate of 19.8%.

    Male unemployment increased by 11,000 to 1.46 million, while the number of women out of work rose by 24,000 to 1.04 million, the highest total since 1988.

    There was also a rise in the number of people classed as economically inactive, including people looking after a sick relative, students or those who have given up looking for a job, up by 22,000 to 9.29 million, a rate of 23.2%.

    The category showing the biggest increase was those who have taken early retirement, which rose by 27,000 to 1.53 million.

    The number of people working part-time because they could not find a full-time job increased by 46,000 to 1.16 million, a record high.

    The number of people claiming Jobseeker's Allowance fell by 1,200 last month to 1.46 million, although the number claiming for up to six months rose by 11,600 to 954,900.
    There were 158,000 redundancies in the latest quarter, up by 15,000, the first rise since April.

    Employment fell by 33,000 to 29.13 million, giving the first quarterly fall in the rate since April - down by 0.1% to 70.6%.

    Average earnings increased by 2.2% in the year to October, up by 0.1% from the previous month.

    Other figures showed that public sector employment has fallen by 33,000 to just over six million, including 18,000 in local government and 8,000 in the civil service.
    Private firms employed 23.11 million workers, unchanged from the summer.

    Chris Grayling, the employment minister, said: "These figures highlight the crucial importance of the action we are taking to keep the economy moving forward. It's essential to create a stable environment where businesses can flourish and create jobs - with those on benefits at the front of the queue to take them up.

    "That's why we are increasing the support available to people through both Jobcentre Plus and our new Work Programme which will revolutionise the way in which we help the long-term unemployed into sustained employment. Only with a successful economy will we be able to finally get Britain working again."

    GMB general secretary Paul Kenny said: "The billions pumped into the economy and the banks by the Labour government restarted the growth which we have seen so far this year to recover from the bankers' recession.

    "Today's rise shows how much of an uphill struggle it is for the jobless to find work as there are three registered claimants chasing each job vacancy and the prospects are worse when all those looking for work but not on the register are added in.

    "The Government are now taking money out of the economy and their policy is to cut the number of jobs in the public sector by one third of a million. The Government are ignoring the lessons of history, that it is not possible to deflate your way to growth and a balanced budget.

    "There are troubled times ahead and a lot of families face a miserable Christmas and bleak prospects for 2011."

    http://www.telegraph.co.uk/finance/j...5-million.html
    Last edited by keepinitreal; 12-15-2010, 06:25 AM.
    Filed Chapter 7 July 2010
    Attended 341 September 2010
    Discharged November 2010 Closed November 2010

  • #2
    These may be records for the U.K., but the U.S. has them beat
    Filed Chapter 7 July 2010
    Attended 341 September 2010
    Discharged November 2010 Closed November 2010

    Comment


    • #3
      we sure do....

      it's like the domino theory......
      8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

      Comment


      • #4
        I lived, studied and worked in the UK for quite some time, mid-80s and early 90s...

        Although I personally had it good, 80s were bad, and then some. The unofficial unemployment rate was likely 20% or so, and young people - especially ones with degrees - were leaving the country en masse...

        Things were looking a lot better - at least in my opinion - when I moved out of the country in '92...but a couple of years later, came Blair and his New Labour and managed to destroy almost everything and anything they laid their hands on...

        Uncontrolled immigration and unleashed political correctness. Sounds familiar?


        No person in their right mind files a Ch. 13 with lien strip pro se. I have.Therefore, please consider me insane and clinically certifiable when reading my posts, and DO NOT take them as legal advice of any kind.Thank you.

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