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13/08/2008
Unemployment Rises As Economy Slows Down
The unemployment rate has shot up to 5.4%, according to the latest official figures.
The figures suggest that a sluggish economy is taking its toll on the labour market.
The Office for National Statistics (ONS) said unemployment increased to 1.67 million between April and June.
The ONS say that "the unemployment rate was 5.4%, up 0.2% points from the previous quarter" and the "number of unemployed people increased by 60,000 over the quarter".
Total unemployment, including people not eligible for benefit, is now 15,000 higher than a year ago.
The report also revealed that the number of vacancies was 634, 900, down 47,400 from the previous quarter.
The number of people claiming jobless benefits in July rose by 20,100 to 864,700 charting the sixth consecutive count and the biggest jump since 1992.
Average earnings in the three-month period grew at an annual pace of 3.4% in the previous period – the weakest rise since August 2003.
George Buckley, an economist at Deutsche Bank, said the labour market was "deteriorating at a rapid pace".
Mr Buckley added that "it's going to continue to do some because of slower economic growth and concerns by companies that the downturn might actually be longer and more prolonged than they originally thought".
On Tuesday, the ONS reported that consumer price inflation (CPI) had reached 4.4% in August – more than twice the government target, while retail price inflation (RPI), was 5%.
(DS)
The figures suggest that a sluggish economy is taking its toll on the labour market.
The Office for National Statistics (ONS) said unemployment increased to 1.67 million between April and June.
The ONS say that "the unemployment rate was 5.4%, up 0.2% points from the previous quarter" and the "number of unemployed people increased by 60,000 over the quarter".
Total unemployment, including people not eligible for benefit, is now 15,000 higher than a year ago.
The report also revealed that the number of vacancies was 634, 900, down 47,400 from the previous quarter.
The number of people claiming jobless benefits in July rose by 20,100 to 864,700 charting the sixth consecutive count and the biggest jump since 1992.
Average earnings in the three-month period grew at an annual pace of 3.4% in the previous period – the weakest rise since August 2003.
George Buckley, an economist at Deutsche Bank, said the labour market was "deteriorating at a rapid pace".
Mr Buckley added that "it's going to continue to do some because of slower economic growth and concerns by companies that the downturn might actually be longer and more prolonged than they originally thought".
On Tuesday, the ONS reported that consumer price inflation (CPI) had reached 4.4% in August – more than twice the government target, while retail price inflation (RPI), was 5%.
(DS)
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13 April 2005
Unemployment rate increases by 0.1%
UK unemployment has risen again, the Office of National Statistics (ONS) has reported. According to the latest figures, the unemployment rate increased to 4.8% in the last quarter, an increase from 4.7% the previous quarter. The number of unemployed people rose to 1.43 million, an increase of 29,000.
Unemployment rate increases by 0.1%
UK unemployment has risen again, the Office of National Statistics (ONS) has reported. According to the latest figures, the unemployment rate increased to 4.8% in the last quarter, an increase from 4.7% the previous quarter. The number of unemployed people rose to 1.43 million, an increase of 29,000.
14 November 2012
Unemployment At Lowest For More Than A Year
The UK unemployment figure has fallen to its lowest total for more than a year. The total fell by 49,000 to 2.51 million in the three months to September, taking the jobless rate to 7.8% from 7.9%. The Office for National Statistics (ONS) said that almost all the 49,000 fall was due to a decline in youth unemployment.
Unemployment At Lowest For More Than A Year
The UK unemployment figure has fallen to its lowest total for more than a year. The total fell by 49,000 to 2.51 million in the three months to September, taking the jobless rate to 7.8% from 7.9%. The Office for National Statistics (ONS) said that almost all the 49,000 fall was due to a decline in youth unemployment.
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26 January 2010
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
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