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I T N : Jobless Figures To Hit 15-year High

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http://uk.news.yahoo.com/4/20090812/tuk-jo...gh-dba1618.html

Jobless figures to hit 15-year high

32 mins ago

ITN

More grim evidence of the recession's human cost is due this morning with figures set to show a 15-year high in unemployment. S

The number of people out of work in the UK is expected to hit 2.5 million.

2.56 million.

Data due in 2 minutes--can you feel the excitement?

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ILO unemployment rate 7.8% (expected 7.7%, last 7.6%)

The rest was pretty much on expectations

Claimant count 4.9% vs 4.8% last month

Jobless claims change 28k vs 21.5k (revised)

Earnings inc bonus was 2.5% - ahead of expectations

So I would say nothing dramatic in these figures

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The rest was pretty much on expectations

Claimant count 4.9% vs 4.8% last month

Jobless claims change 28k vs 21.5k (revised)

Earnings inc bonus was 2.5% - ahead of expectations

So I would say nothing dramatic in these figures

earnings up?.....according to a Human Geography Uni guy in R4 this morning, ONLY THE CITY BONUSES put earnings UP.

us working nuts and bolts received nothing except the bill.

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http://uk.news.yahoo.com/4/20090812/tuk-jo...gh-dba1618.html

Jobless figures to hit 15-year high

32 mins ago

ITN

More grim evidence of the recession's human cost is due this morning with figures set to show a 15-year high in unemployment. S

The number of people out of work in the UK is expected to hit 2.5 million.

2.56 million.

Data due in 2 minutes--can you feel the excitement?

It's good to see how excited you are at the prospect of so many people losing their jobs. I suppose people like you don't mind though do you - what with your clocking in expenses and your gold plated pensions eh RB? It's all good sport.

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"But an even gloomier forecast from the Centre for Economics and Business Research says it could approach four million"

And house prices are rising :lol::lol:

Why anyone would buy now is puzzling. Consumer spending lags unemployment because it takes a while for the unemployed to stop spending using up savings etc.

People buying now need to be sure they can make payments based on 6% interest rates, they are going to rise when they all come off the fixes rates.

IF YOU CANT PAY A MORTGAGE BASED ON THE LONG TERM AVERAGE OF SAY 5% YOU SHOULD NOT BUY NOW IF YOU DO THERE IS A GOOD CHANCE YOU WILL BECOME ANOTHER REPOSESSION STATISTIC WHEN YOUR FIXED RATE EXPIRES.

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Data due in 2 minutes--can you feel the excitement?

Err No. Its appalling. This attitude doesn't do the forum any good at all.

On my daily walks I have been noticing huge queues outside the local jobcentre, especially on a Monday morning.

I also think people are sleeping in my local park, Some tents never seem to move.

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It's good to see how excited you are at the prospect of so many people losing their jobs. I suppose people like you don't mind though do you - what with your clocking in expenses and your gold plated pensions eh RB? It's all good sport.

My pension is worth about 49k with Scottish Widows. They tell me I will get about 2k a year from it!

My delight is in seeing the ponzi collapse and the country returning to fair value for a roof over the head. The Brown era and all of its greed and corruption is a black spot on our history. I am very excited at the prospect of it ending.

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The rest was pretty much on expectations

Claimant count 4.9% vs 4.8% last month

Jobless claims change 28k vs 21.5k (revised)

Earnings inc bonus was 2.5% - ahead of expectations

So I would say nothing dramatic in these figures

Noel, I know you are the sanguine one around here but you don't half over-do the dampening of ardour sometimes. Today's numbers are part of a dramatic change in economic fortunes for us, as you know, but if you look too closely you might miss it.

dzxruu.gif

Average earnings, both including and excluding bonuses, increased by 2.5 per cent in the three months to June 2009 compared with the previous year. The excluding bonuses annual growth rate is the lowest since comparable records began in 2001.

http://www.statistics.gov.uk/cci/nugget.asp?ID=12

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INSTANT VIEW - Jobless rate highest since 1996

LONDON (Reuters) - Unemployment hit its highest rate since 1996 in the three months to June, official figures showed on Wednesday, while the number of people claiming

jobless benefit rose broadly as expected in July.

********************************************************

KEY FIGURES FROM UK LABOUR MARKET STATISTICS

JULY JUNE FCAST

Claimant count (monthly change) +24,900 +21,500 +25,000

ILO jobless rate APR-JUNE FCAST

7.8 pct 7.7 pct

JUNE MAY FCAST

Average earnings 3mth yy (pct) +2.5 +2.3 +2.4 :blink: Bankers skewing averages?

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earnings up?.....according to a Human Geography Uni guy in R4 this morning, ONLY THE CITY BONUSES put earnings UP.

us working nuts and bolts received nothing except the bill.

Income tax revenue down 15% (38bln vs 32 bln) between March 2008 and March 2009 with tax credits paid out increasing 20% (20bln vs 24bln). Wish they would give us the full distribution and not just the average

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Err No. Its appalling. This attitude doesn't do the forum any good at all.

On my daily walks I have been noticing huge queues outside the local jobcentre, especially on a Monday morning.

I also think people are sleeping in my local park, Some tents never seem to move.

I think tension/excitement are very close in meaning.

yes its exciting to have a knife threatening at your throat.....tense too....but normally people associate the word excitement with pleasure. Im sure RB didnt mean it in the schardenfrued sense.

Listening to Mandelson this morning (he is a menace) Im sure if he hadnt known the result, he would have been trying to excite it all up for party political reasons....he obviously knew the result and just kept repeating it would have been worse under the Tories.

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http://www.bloomberg.com/apps/news?pid=206...id=a3Fwr1RG_CJw

Aug. 12 (Bloomberg) -- British bankers’ base salaries may double as a consequence of a regulatory crackdown on bonuses in the wake of the financial crisis that saw some of the U.K.’s biggest lenders acquired or nationalized, lawyers said.

Doubling of their salaries must have already begun?

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earnings up?.....according to a Human Geography Uni guy in R4 this morning, ONLY THE CITY BONUSES put earnings UP.

us working nuts and bolts received nothing except the bill.

From where did he get his data? Is he proposing that city bonuses are higher than a year ago (number of bonuses X amount)?

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Listening to Mandelson this morning (he is a menace) Im sure if he hadnt known the result, he would have been trying to excite it all up for party political reasons....he obviously knew the result and just kept repeating it would have been worse under the Tories.

I saw it. I don't know why people rate him. His TV performances are always terrible, unconvincing and insincere.

The Labour "boom" has been wiped out and we are now in pre-1997 territory. The last 12 years have all been a dream. Now we are left with the nightmare.

Edited by HostPaul TAFKA Rover2000

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From where did he get his data? Is he proposing that city bonuses are higher than a year ago (number of bonuses X amount)?

good question.

city bonuses of course dont have to BE higher than last year....there just have to be a fall in normal wages and large bonuses.

averages always lie.

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Err No. Its appalling. This attitude doesn't do the forum any good at all.

On my daily walks I have been noticing huge queues outside the local jobcentre, especially on a Monday morning.

I also think people are sleeping in my local park, Some tents never seem to move.

There is a renewed interest in catching crayfish from local rivers 'round my way.

I think we need an alternative to "exciting" for the feeling of seeing things change around us as predicted.

Something akin perhaps to what Noah felt like as his ark first shifted and the derision died down, only with an extra element of fear that our ships aren't protected by God. Or full of angry animals.

accelerate, agitate, amaze, anger, animate, annoy, arouse, astound, awaken, bother, chafe, discompose, disturb, electrify, elicit, energize, evoke, feed the fire, fire, fluster, foment, galvanize, goad, incite, induce, inflame, infuriate, instigate, intensify, irritate, jar, jolt, kindle, madden, mock, move, offend, precipitate, provoke, quicken, rouse, start, stimulate, stir up, taunt, touch off, vex, wake up, waken, warm, whet, work up, worry

More of some of the above needed perhaps?

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People losing there jobs is a bad thing...I agree with that HOWEVER this is the only indicator of what is really going on! These figures going up and up (f*ck the lag bullsh1t) contradicte all the other stats of recovery and green shoots!

They spell the truth which in my opinion is a good thing! That does not mean that I take pleasure in people losing their jobs.

Unemployment going up means house prices going down! So now we have 3 forces against high house prices:

* Increasing unemployment

* Expensive credit

* Lack of credit

There you go...prices will be falling soon...and fall fast they will!

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earnings up?.....according to a Human Geography Uni guy in R4 this morning, ONLY THE CITY BONUSES put earnings UP.

us working nuts and bolts received nothing except the bill.

Sadly the general population neither care nor would be stirred up sufficiently by this news. Not sure what it is going to take to make people say enough is enough. Personally reading stories like this make me feel physically sick, its so unfair under Labour depite their claims that their 'purpose is fairness: fair rules, fair chances and a fair say for everyone'

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Guest sillybear2
People losing there jobs is a bad thing...I agree with that HOWEVER this is the only indicator of what is really going on!

People being lured into a false sense of security then taking out a x5 income loan against a hyper-inflated property market, then only to later face unemployment in a cut throat globalised labour market is a very bad thing, exactly what this site was warning about years ago. I don't think anyone takes pleasure in that, it's still sadly predictable though.

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Shame on you RB, thats despicable.

Why?

Its huge news and very exciting. Excitement can arise whether news is good or bad. You should know this better than most--gamblers get more of a thrill from losing than winning which is why it is so addictive. If you only got excited when it went well the bookies would close within weeks.

No, excitement is a human reaction to news. Bad or good.

How many on here are excited about house prices falling? When house prices fall it brings misery to many but no bear will say they are not excited about the prospect of falling prices. Nuff said and get a life?

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