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House Price Crash Forum

Unemployment Shows Biggest Jump Since 1992


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HOLA441

LONDON (Reuters) - The number of Britons out of work and claiming benefits in February rose by its biggest amount since the economic slump in 1992, official figures showed on Wednesday.

...

The Office for National Statistics said on Wednesday that claimant count unemployment rose by 14,600, the biggest jump since December 1992 when the country was still emerging out of recession.

http://today.reuters.co.uk/news/newsarticl...P-SINCE-199.xml

Full document from the ONS:

http://www.statistics.gov.uk/pdfdir/lmsuk0306.pdf

Ok, let's see, we have high house prices because of low interest rates and low unemployment.

Seems to me that thinking may be getting a bit tired.

As the saying goes, be careful what you wish for...

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HOLA442

I was just reading the full article from the blog

Very interesting – but very long

Does any one have a old pdf (or data) of the labour market statistics which shows unemployment for the last crash –(or just any older ones 88 - )

From the graphs it’s hard to see how bad things are without a comparison

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