Wednesday, August 12, 2009

More green shoots

Unemployment Rises By 220,000 To 2.4 Million

The recession claimed another 220,000 jobs in the three months to June to take the total number of unemployed to 2.44 million, official figures show. Unemployment in the UK is now at its highest level since the summer of 1995. The number of people claiming jobseeker's allowance in July rose by 24,900 to 1.58 million, said the Office for National Statistics. This was its worst level for more than 12 years. It marks the 17th month in a row where the so-called claimant count has increased in the UK.

Posted by mytimeisnigh @ 10:11 AM (1483 views)
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12 thoughts on “More green shoots

  • Time for a UB40 comeback tour.

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  • On the plus side this is 24,900 more people who could register with Estate Agents when they get bored of daytime TV 😛

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  • A comment submitted in The Guardian

    “unemployment up 220,000
    employment down 271,000

    correct me if i am wrong but that means 51,000 people have disappeared”

    and an answer

    “They’re the ones not eligible to claim Jobseeker’s allowance, who therefore don’t count as unemployed. They cease to exist in the official economy.
    They’re important, because many of them want to work and will enter the grey economy, given time.”

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  • Looks that the rate of change is consistent on trend. Its probably a cause for celebration that it hasnt spiked up a bit, lets see the next set and see if they show a dip in the rate of change – that will be further suck in.

    See : http://www.statistics.gov.uk/cci/nugget.asp?ID=12

    and : http://www.statistics.gov.uk/pdfdir/lmsbrief0809.pdf

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  • What is 2.44 million as a percentage of the total workforce?

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  • Matt you can look at the links i have posted, and have a play!!!

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  • The bulletin:http://www.statistics.gov.uk/pdfdir/lmsuk0809.pdf

    “””
    The number of unemployed people, the unemployment rate and the claimant count have increased. The employment rate and the number of employed people have fallen. There are fewer vacancies. There are more inactive people of working age and the inactivity rate is up. Earnings growth, excluding bonuses, has fallen. Earnings growth, including bonuses, has increased.
    “””

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  • matt_the_hat said, “What is 2.44 million as a percentage of the total workforce?”

    – working from the ONS numbers, 72.7% of working age in employment and 28.93m employed:

    %unemployed = 100 * unemployed / workforce
    = 100 * unemployed * (employed / workforce) / employed
    = 100 * 2.44 * 72.7% / 28.93
    = 2.44 * 72.7 / 28.93
    = 6.13%

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  • I work for an agency if I don’t work I live off my savings, obviously if I was out of work long enough I’d sign on once the savings were gone, I assume there are therefore quiet a few people doing the same thing who will eventually register as unemployed or become a drug dealer or both.

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  • contrails are not a conspiracy (formerly npnh) says:

    If they increase the retirement age will this decrease the percentage of people out of work?

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  • refusetobuy… unemployment up 220,000 – employment down 271,000…

    271,000 less people are in work. Of these, 220,000 are going to really struggle and 51,000 have no fecking chance.

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  • vacuouspolitician says:

    1. Ndg said…Time for a UB40 comeback tour.

    …they may have to change a few lyrics this time round… “I am a one in five” …with backing singers Penfold and Mandelstar…

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