Wednesday, August 16, 2006

Unemployment rises to 5.5%

Labour Market Statistics - August 2006

The unemployment level was 1.68 million in the three months to June 2006, up 92,000 (~6%) from the three months to March 2006 and up 243,000 (~20%) from a year earlier.

Posted by uncle chris @ 10:26 AM (2884 views)
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3 thoughts on “Unemployment rises to 5.5%

  • Imagine another 10 months of unemployment rising at 90,000 per month.

    That would really put pressure on housing affordability.

    I wonder if the unemployment trend will continue?

    Big Kev

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  • didnt the man from RICS cite rising employment confidence as a reason that prices would continue to rise and absorb the rates rise. Interesting he says this with out providing and evidence the day before we get these figures. Perhaps not so suprising that the BBC gives him the forum to do so, but fails to draw attention to the holes in his evidence with euqal gusto and fan-fare


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  • Such_short_memories says:

    Big Kev, this report says that unemployment was up 92,000 in the quarter. Mind you, at the rate things are accelerating, we might be at 90k per month before long.

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