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Bbc: Uk Unemployment At 17 Year High

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Bloomberg said this is dire for UK.

Worse than in the depths of the depression.

Add to this weekly earnings have surprisingly fallen to just a 1.8% gain, they said, a steeper drop than economists predicted,

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Add to this weekly earnings have surprisingly fallen to just a 1.8% gain, they said, a steeper drop than economists predicted,

Thats deflation for yeh, ith costs rising at north of 5%, and wages rising at say best 2%, houses and associated costs of paying for the roof over the head have to fall the 3%.......have to i say will do...........

http://www.bloomberg.com/news/2011-10-12/unemployment-in-u-k-increases-to-highest-level-in-15-years-with-8-1-rate.html

Any links to the 1.8% figure

Edited by Panda

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Bloomberg said this is dire for UK.

Worse than in the depths of the depression.

Add to this weekly earnings have surprisingly fallen to just a 1.8% gain, they said, a steeper drop than economists predicted,

Weekly earnings up 1.8%, heating bills 10x that amount, most other basics up multiples up to 10x earnings.

Getting poorer very quickly.

Obviously we need more of the same.

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Weekly earnings up 1.8%, heating bills 10x that amount, most other basics up multiples up to 10x earnings.

Getting poorer very quickly.

Obviously we need more of the same.

Can you lend me a tenner?

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Weekly earnings up 1.8%, heating bills 10x that amount, most other basics up multiples up to 10x earnings.

Getting poorer very quickly.

Obviously we need more of the same.

Don't worry - at least the banksters year-end bonuses should have been saved by the seventy five billion of funny money the BoE just magicked out of the ether. A price worth paying.

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Don't worry - at least the banksters year-end bonuses should have been saved by the seventy five billion of funny money the BoE just magicked out of the ether. A price worth paying.

Yeah, they're doing really badly at the moment compared to everyone else:

AWE_0811.gif

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Youth unemployment or underemployment is the biggest ELephant in the room....don't underestimate it. ;)

With student debt and limited access to mortgage funds, that next layer for the housing Ponzi pyramid is looking decidedly shaky...

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I saw a tweet which pointed out that todays figures are not only bad news for the unemployed but tucked away was bad news for the rest of us too.

Also we see that total earnings growth is 2.8% but CPI is 4.5% and RPI 5.2% so real wages in the UK continue to fall.

@notayesmansecon

Thanks for the inflation Mervyn King and colleagues at the Bank of England....

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2.57 million. And they're only the ones they count*, i.e. "jobseekers" receiving unemployment benefit. Now can we have the figures for "economically inactive" please?

* A friend who used to work for the DHSS told me they only estimated, never counted.

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With student debt and limited access to mortgage funds, that next layer for the housing Ponzi pyramid is looking decidedly shaky...

....the pressure is from the bottom, but also at the top......the 'ponzi pyramid' requires entrants at the bottom but it also requires surpluses at the top....the top is looking decidedly shaky also with redundancy with still high mortgage debt outstanding, if not already hanging on to a long-term job at 50+ the chances of getting a full time one or one that paid the same as the old job are very slim....poor pension returns add that to continuing extending state pensions...to top it all high healthcare care costs that will all but wipe out any equity or assets people have to pass down to the younger generations............not looking good whatever way you look at it, from the top or the bottom. ;)

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With student debt and limited access to mortgage funds, that next layer for the housing Ponzi pyramid is looking decidedly shaky...

Same argument BTL landlords are using to justify buying more properties to rent out :angry:

Was talking to one the other day, he said kids today cant afford/or are not interested in buying so massive demand to rent instead.

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....the pressure is from the bottom, but also at the top......the 'ponzi pyramid' requires entrants at the bottom but it also requires surpluses at the top....the top is looking decidedly shaky also with redundancy with still high mortgage debt outstanding, if not already hanging on to a long-term job at 50+ the chances of getting a full time one or one that paid the same as the old job are very slim....poor pension returns add that to continuing extending state pensions...to top it all high healthcare care costs that will all but wipe out any equity or assets people have to pass down to the younger generations............not looking good whatever way you look at it, from the top or the bottom. ;)

Dont be such a negative Nellie, at least its not raining

Edited by Tamara De Lempicka

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This is all the result of the labour party spending all the money is it not? Bloke on sky talking about more government spending to solve this lol, as long as public sector workers have massive pensions and tube drivers are paid 50k pa lol.

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Same argument BTL landlords are using to justify buying more properties to rent out :angry:

Was talking to one the other day, he said kids today cant afford/or are not interested in buying so massive demand to rent instead.

Landlords will not be able to get blood out of a stone.....if tenants can't earn it and they can't borrow it how can they rent it unless the price is right?......don't even think about packing people into one room to spread the costs....uninhabitable housing will not be tolerated, we will not be going back to the Rachman ways. ;)

Edited by winkie

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I'm sure the news gave Osborne 'wer'e all in this together' Osborne a warm feeling in his underpants.

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175.000 part time jobs have gone!?

Why's that then?

I wondered about that.

I was expecting more people to leave full time jobs to switch to part time and tax credits or just benefits. With living costs so high and benefits rising with inflation there seems less point in working as time goes on. If people cannot afford somewhere to live under their own steam let the state pay for it.

So why the drop in part time? Is it seasonal jobs ending? But if unemployment is up 114k but part time is down 175k does that mean 60k have switched from part time to full time jobs?

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Bloomberg said this is dire for UK.

Worse than in the depths of the depression.

Add to this weekly earnings have surprisingly fallen to just a 1.8% gain, they said, a steeper drop than economists predicted,

I didn't know there was a depression 17 years ago. Suppose there must have been if unemplyment was worse than it is today!

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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