Wednesday, October 13, 2010

The jobless recovery

U.K. Jobless Benefit Claims Rise by the Most in Eight Months

U.K. unemployment claims climbed for a second month in September with the biggest increase in eight months, a sign the economy is losing momentum. Jobless benefit claims rose by 5,300 from the previous month to 1.473 million, the Office for National Statistics said today in London. That exceeded the median forecast of 23 economists for an increase of 4,500. Overall unemployment in the quarter through August fell by 20,000 to 2.45 million, led by 16 to 17 year-old people.

Posted by debtfree @ 11:47 AM (1123 views)
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3 thoughts on “The jobless recovery

  • The U.K. Treasury’s fiscal watchdog predicts the loss of half a million jobs in the public sector by April 2015 due to the government budget squeeze.

    Not bad, that’s only 305 jobs a day…

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  • sibley's b'stard child says:

    Fear not, think of all those low-paid fixed-term contracts that will be required for the 2011 census. It’s the statistic-led recovery.

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  • What is the betting that the results of the 2011 census have all ready been decided by the social engineers ?

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