Wednesday, Feb 11, 2009
4Q 2008: 1.97m unemployed // 74.1% working age employment rate
Office for National Statistics: Labour market statistics
There has been a fall in both the number of people in employment and the employment rate. The number of unemployed people, the unemployment rate and the claimant count have all increased. The number of inactive people of working age and the inactivity rate have fallen. The number of vacancies has fallen. Growth in average earnings, both including and excluding bonuses is unchanged. In the latest reference period the working age employment rate was 74.1 per cent, down 0.3 percentage points from the previous quarter. The number of people in employment decreased by 45,000 over the quarter. The unemployment rate was 6.3 per cent, up 0.4 percentage points from the previous quarter. The number of unemployed people increased by 146,000 over the quarter. The claimant count was 1.23 million...
7 Comments
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1. paul said...
2. debtfree said...
@ 1 Paul..
LOL .. Brilliant.
3. str 2007 said...
Nice one Paul
I'm sure I heard the other day that unemployment in America increased by 600,000 in January alone.
For ours to have increased by 146,000 in a quarter isn't too bad really, given Americas populatioon is 5 times the size of ours.
Unless of course you're one of the 146,000 then it's every bit as bad as Americas.
4. matt_the_hat said...
Say 50% of people are of working age and 74% are 'inactive' - that means 37% keep 63% or 1 person supports 2.
Can't wait till the boomers retire, should be starting in a few years!!
5. timmy t said...
These numbers will really grow over the net couple of months. Despite the truly dire trading environment, there are still a lot of decent people out there who will have waited until after Christmas to make people redundant. From the BBC: Peter Mooney, head of consultancy with Employment Law Advisory Services, said: "From early in December, the number of firms seeking our help in making redundancies simply exploded." All these will kick in over the next couple of months. Reckon we'll get to 3m very quickly.
6. james stephenson said...
1.97m unemployed!!!
Yeah, and the rest.
7. James Stephenson said...
A friend of mine does Six Sigma in the car industry. His company now contracts him out as a down-sizing specialist. He says that the amount of redundancies being planned are beyond shocking. We will see them over the next six months. Maybe Brown & Darling chucking your money at them was not such good value for money.