Jump to content
House Price Crash Forum
Sancho Panza

Uk Jobless Total Falls By 48,000 And Rate Drops To 7.6%

Recommended Posts

BBC 13/11/13

'The number of unemployed people in the UK fell by 48,000 to 2.47 million between July and September, the Office for National Statistics has said. The unemployment rate fell to 7.6%, the lowest rate in more than three years.

The Bank of England has said it will not consider raising interest rates from their record low of 0.5% until the unemployment rate falls below 7%.

The number of people claiming Jobseeker's Allowance fell by 41,700 to 1.31 million in October.

The number of people in work rose by 177,000, while the percentage of 16-to-64 year-olds in employment rose to 71.8%.'

Share this post


Link to post
Share on other sites

Imagine what the jobless rate would have been if we'd had no immigration and investment in real jobs!!!!

Would be much harder to get a decent ponzi off the ground though.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

Come on 7% and interest rate rises (well, vague mutterings about slowing QE a tad anyway) B)

Hasn't this now also become dependant on everyone doing it at same time (and EU is actually looking at starting QE again?)

Whoever puts them up first is just going to reduce exports - and start another local decline.

Share this post


Link to post
Share on other sites

Hasn't this now also become dependant on everyone doing it at same time (and EU is actually looking at starting QE again?)

Whoever puts them up first is just going to reduce exports - and start another local decline.

IMO only one thing will raise UK interest rates and that is US interest rates rising, Carney was brought in for his PR and the knowledge that he won't make any kind of brave stand by putting rates up unilaterally here. So the US jobless figure is far more relevant to us. I noted the 7% quoted in a BofE puff-piece earlier in the week but didn't know what it currently was.

Share this post


Link to post
Share on other sites

But we aren't told the change in tax credit claims. Considering a person moving from unemployment to tax credits often then claims more in benefit, even after tax paid is factored in, it would be good to know on a monthly basis broken down into what type of tax credit.

Edited by sf-02

Share this post


Link to post
Share on other sites

Genuine question:

Do people sanctioned (i.e removal of JSA for a period of time) show up on these figures?

Is this an increase in jobs or an increase in kicking folk when they're down? Anyone know?

Share this post


Link to post
Share on other sites

But we aren't told the change in tax credit claims. Considering a person moving from unemployment to tax credits often then claims more in benefit, even after tax paid is factored in, it would be good to know on a monthly basis broken down into what type of tax credit.

You can't get more on Tax Credits than JSA without kids.

The only people moving from JSA to Tax Credits would be those without kids I would have thought, and that would result in a fall in total benefit (still a pittance) not a rise.

If they had kids already I doubt they'd be on JSA in the first place.

Share this post


Link to post
Share on other sites

These employment figures are nothing special. They have been hovering around the 2.6 million mark give or take a few tens of thousands since the condems took over.

I suspect it is a combination of sanctions and seasonal zero hour work driving the bulk of these numbers.

The record employment is also just due to more boomer workers staying in work at 65+ instead of retiring, I suppose this may help explain why youth unemployment is still stubbornly high. Too much competition from immigrants and bed blockers.

Share this post


Link to post
Share on other sites

Genuine question:

Do people sanctioned (i.e removal of JSA for a period of time) show up on these figures?

Is this an increase in jobs or an increase in kicking folk when they're down? Anyone know?

If you're JSA has run out and you have a partner earning then you won't show up except as 'economically inactive'.

Sometimes it's preferable to look at other measures for a broader understanding of employment across the economy such as total in full time work/benefit claimant counts etc.

Also,these figures are heavily distorted by those on DLA/incapacity (some 2.5 million+ iirc) not showing up as unemployed when they may well be looking for work they can do.

Share this post


Link to post
Share on other sites

So if you all volunteer to become unpaid part time burger flippers, interest rates will rise, and pwoperty, outside of Watford's Jewish quarter, will become so cheap that the btl chancers will think there is a catch, and you can all take your rightful - one pile each - place in Blighty's pwoperty owning democracy.

Life, just the way it was meant to be.

Just remember to shoot the rentiers in order to maintain long term social cohesion.

Share this post


Link to post
Share on other sites

So if you all volunteer to become unpaid part time burger flippers, interest rates will rise, and pwoperty, outside of Watford's Jewish quarter, will become so cheap that the btl chancers will think there is a catch, and you can all take your rightful - one pile each - place in Blighty's pwoperty owning democracy.

Life, just the way it was meant to be.

Just remember to shoot the rentiers in order to maintain long term social cohesion.

---edit

Stupid question removed after a Google LOL...

Edited by PricedOutNative

Share this post


Link to post
Share on other sites

Watford has a Jewish quarter?...

That's nothing, Northampton has a cultural quarter....the council ( or some other orgnaisation ) even put a sign up !!!

Northampton%20Cultural%20Quarter%20pic.jpg?itok=zrtMCVNf

cultural-quarter-sign.jpg

Perhaps someone who has been to Northampton can explain why I am laughing.....

:lol::lol::lol::lol:

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

Genuine question:

Do people sanctioned (i.e removal of JSA for a period of time) show up on these figures?

Is this an increase in jobs or an increase in kicking folk when they're down? Anyone know?

Depends on the sanction,but yes once sanctioned you dont show up in the figures,,some parts of workfare as well you dont count.DWP is very difficult to get the info out of as they mix it all together to hide it.

The main thing to watch is the headline benefit spend.Thats still going up,,so much for the welfare cuts.

Interesting as well that benefits are going up 1.0% and yet wages 0.7%.So yet again,the same as the last 7 years benefits have gone up faster than wages.

That really impacts tax credits as less is clawed back than the increase through means testing.

Share this post


Link to post
Share on other sites

Depends on the sanction,but yes once sanctioned you dont show up in the figures,,some parts of workfare as well you dont count.DWP is very difficult to get the info out of as they mix it all together to hide it.

The main thing to watch is the headline benefit spend.Thats still going up,,so much for the welfare cuts.

Interesting as well that benefits are going up 1.0% and yet wages 0.7%.So yet again,the same as the last 7 years benefits have gone up faster than wages.

That really impacts tax credits as less is clawed back than the increase through means testing.

Yep ,and just like my daughter does not show up since losing her job to a workfare slave as she has now become a workfare slave for premier inn`s

Share this post


Link to post
Share on other sites

The main thing to watch is the headline benefit spend.Thats still going up,,so much for the welfare cuts.

Interesting as well that benefits are going up 1.0% and yet wages 0.7%.So yet again,the same as the last 7 years benefits have gone up faster than wages.

That really impacts tax credits as less is clawed back than the increase through means testing.

+1

Correct. The figures are what are important. The government can fudge the unemployment stats all the want but can't hide the billions they borrow each month.

Don't forget that the largest proportion of benefits go to the over 65s who are not included in these statistics.

The costs of Attendance Allowance, the State Pension, Carer's Allowance etc. dwarf out-of work benefits.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   209 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.