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B B C: One In Six Homes 'have No Work'

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http://news.bbc.co.uk/1/hi/business/8222145.stm

Page last updated at 10:31 GMT, Wednesday, 26 August 2009 11:31 UK

One in six homes 'have no work'

A man and a woman walking with a child

The number of children in workless households has risen

More than one in six UK homes which house at least one person of working age does not have anyone in employment, official statistics show.

This is the highest rate since 1999, the Office for National Statistics (ONS) said.

The number of workless households hit 3.3 million in April to June, a 240,000 rise compared with a year earlier.

The number one reason why the housing market will continue to crash is job losses. There can be no jobless recovery as jobs provide people with money to buy things--including houses. Banks will not lend to people who have no jobs or work for a company like Toyota with imminent job losses beckoning.

Its a dreadful situation and there will be hell to pay as winter sets in and the long glorious BBQ summer we were all promised turns into long winter nights................ :(

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"Eighteen months ago, worklessness was in decline. Government programmes encouraging lone parents and the long-term sick back into employment were a part of that success story. Today we can see that the recession is unravelling much of that progress.

18 months ago worklessness was in decline???

Or where they just going on the unemployment stats for that, seems like he was reading a govt press release.

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Looks to me as a typical reaction of the economy to a neo-Keynesian “stimulusâ€: price level and wages (of those lucky who do have a job) are supported and unemployment is rising. Capital is misallocated and has not been allowed to adjust. That means a disaster for economic efficiency and a Japanese-style zombie economy in making in the UK. Cheers!

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http://news.bbc.co.uk/1/hi/business/8222145.stm

Page last updated at 10:31 GMT, Wednesday, 26 August 2009 11:31 UK

One in six homes 'have no work'

A man and a woman walking with a child

The number of children in workless households has risen

More than one in six UK homes which house at least one person of working age does not have anyone in employment, official statistics show.

This is the highest rate since 1999, the Office for National Statistics (ONS) said.

The number of workless households hit 3.3 million in April to June, a 240,000 rise compared with a year earlier.

The number one reason why the housing market will continue to crash is job losses. There can be no jobless recovery as jobs provide people with money to buy things--including houses. Banks will not lend to people who have no jobs or work for a company like Toyota with imminent job losses beckoning.

Its a dreadful situation and there will be hell to pay as winter sets in and the long glorious BBQ summer we were all promised turns into long winter nights................ :(

Unemployment is probably a lot lower than official figures suggest.

The difference is that a lot of people working top up their income with a bit of benefit fraud, for which they have to sign on.

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http://news.bbc.co.uk/1/hi/business/8222145.stm

Page last updated at 10:31 GMT, Wednesday, 26 August 2009 11:31 UK

One in six homes 'have no work'

A man and a woman walking with a child

The number of children in workless households has risen

More than one in six UK homes which house at least one person of working age does not have anyone in employment, official statistics show.

This is the highest rate since 1999, the Office for National Statistics (ONS) said.

The number of workless households hit 3.3 million in April to June, a 240,000 rise compared with a year earlier.

The number one reason why the housing market will continue to crash is job losses. There can be no jobless recovery as jobs provide people with money to buy things--including houses. Banks will not lend to people who have no jobs or work for a company like Toyota with imminent job losses beckoning.

Its a dreadful situation and there will be hell to pay as winter sets in and the long glorious BBQ summer we were all promised turns into long winter nights................ :(

And in a parallel universe, right next to the very same story on the Guardian, HPI ‘boom’ times are here again (rejoyce):

http://www.guardian.co.uk/business/2009/au...arket-recession

Rise in home loans boosts claims of end of recession for property market

• Mortgage approvals at highest level for 17 months

• Debt-ridden households shunning new credit

You just can't make this stuff up

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It is an utter disaster. Fairly typical 30's couple I know was loosing 600 a month with only one active income. He found a job luckily. I knew they borrowed a lot but thats a pretty harsh leverage for an interest only mortgage and debts OO.

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The total number of working-age people in workless households stood at 4.8 million in April to June 2009, up 500,000 on a year earlier. Add to that the millions of unemployed working age people in working households, of which it is probable that the figure is three times higher than workless households, and we have a true unemployment figure of around 20 million.

Most of us know families where at least one person is between jobs. How many know of totally workless households.

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http://news.bbc.co.uk/1/hi/business/8222145.stm

One in six homes 'have no work'

More than one in six UK homes does not have anyone in employment, official statistics show.

I'm glad this example has come up, I was going to raise a thread on it in the Off-Topic forum. I'm of the opinion that when using "one in six" it is correct to then apply the plural to the rest of the sentence i.e. "One in six houses are..." as opposed to "One in six houses is...". Others seem to think that because the word "one" is used it denotes singular, I disagree.

The BBC story above uses both the correct plural "have" and incorrect singular "does" after the "One in six". Shoddy.

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course, if any of these houses have a person with "knowledge" then they are, by default contributing to the "knowledge economy".

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course, if any of these houses have a person with "knowledge" then they are, by default contributing to the "knowledge economy".

Don't also forget that these households are doing a sterling job to ensure the 'jobless' recovery is alive and kicking. Without these peoples' hard work (in not working) we would have no recovery.

Bless them ALL, we should join them and rejoyce in the jobless recovery.

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Don't also forget that these households are doing a sterling job to ensure the 'jobless' recovery is alive and kicking. Without these peoples' hard work (in not working) we would have no recovery.

Bless them ALL, we should join them and rejoyce in the jobless recovery.

http://www.youtube.com/watch?v=qAYLD06MefI

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The total number of working-age people in workless households stood at 4.8 million in April to June 2009, up 500,000 on a year earlier. Add to that the millions of unemployed working age people in working households, of which it is probable that the figure is three times higher than workless households, and we have a true unemployment figure of around 20 million.

Most of us know families where at least one person is between jobs. How many know of totally workless households.

School and university leavers add at least another million, which oddly never appeared on the unemployment numbers.

1 in 5 16 -25 year olds out of work. They must all be out buying houses.

Big falls expected.

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nothing to worry about here, 'work' is so 20th century, we make our money from bricks and mortar these days, most of this lot are probably squillionaire multi-pwoperdee owning landlord/tycoons.

They don't need to worry. I'm going to get stuck into the overtime, so the Government can use my tax to support these people. The banks can take a bit too if they like, via negative interest rates on my savings. I don't want Gordon to lose a single vote over this.

Edited by Brightwell

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School and university leavers add at least another million, which oddly never appeared on the unemployment numbers.

1 in 5 16 -25 year olds out of work. They must all be out buying houses.

Big falls expected.

Take it easy on the poly-versity grads though. They'll need a year off to recover their energies before cracking on with their inevitable Nobel prize winning projects. With their knowledge of media and equine studies they'll get us of of this mess.

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