Office for National Statistics

This tag is associated with 26 posts

UK – Olympics Boost – Employment up 201,000 and unemployment rate down 0.2

For April to June 2012: The employment rate for those aged from 16 to 64 was 71.0 per cent, up 0.4 on the quarter. There were 29.48 million people in employment aged 16 and over, up 201,000 on the quarter. The unemployment rate was 8.0 per cent of the economically active population, down 0.2 on … Continue reading

UK back in Recession – Significant economic contraction of 0.7pc

The figures from the Office for National Statistics are much worse than forecasts for a 0.2pc contraction. It marks the third successive quarter of contraction, leaving Britain in its longest double-dip recession in more than 50 years. The economy shrank by 0.3pc in the first quarter of the year, following a 0.4pc contraction in the … Continue reading

UK – Huge Drop in membership of private pension schemes

The Office for National Statistics has recorded a significant downwards trend in employee membership of private sector defined benefit (DB) schemes – down from 34 per cent in 1997 to 9 per cent in 2011. Overall, employee membership of employer-sponsored pensions in the private sector fell from 46 per cent in 1997 to 32 per cent … Continue reading

UK | High unemployment to do ‘permanent damage’

The UK unemployment rate will rise from its current 8.3% to almost 9% by the end of this year, doing “permanent damage to the UK’s productive capacity”, a think tank has said. The National Institute of Economic and Social Research (NIESR) said that the persistent weakness in the economy was “unprecedented”. It says growth in … Continue reading

UPDATE | The cry of an innocent | David Cameron is disappointed by his “remarkable achievement”

Cameron’s Remarkable Achievement – NYTimes.com When David Cameron became PM, and announced his austerity plans — buying completely into both the confidence fairy and the invisible bond vigilantes — many were the hosannas, from both sides of the Atlantic. Pundits here urged Obama to “do a Cameron”; Cameron and Osborne were the toast of Very … Continue reading

The cry of an innocent | David Cameron is disappointed by UK double-dip recession

Britain’s return to recession is “very, very disappointing”, Prime Minister David Cameron said today, but he insisted the Government will stick to its programme of austerity and deficit reduction. The Office for National Statistics today announced the 0.2% decline in gross domestic product (GDP) in the first quarter of the year which, after a fall … Continue reading

UK | Record numbers forced into part-time working

The number of unemployed men fell by 43,000 to reach 1.51 million but the number of unemployed women increased by 8,000 to reach 1.14 million, the highest figure since the three months to November 1987. Despite the fall in unemployment,the Jobseeker’s allowance (JSA) claimant count rose by 3,600 in March – the highest total since … Continue reading

OECD | UK | Back in recession – The Guardian

The UK is heading back into recession and will be among the slowest of the world’s largest economies to recover in the first half of this year, according to a study by the Paris-based thinktank, the OECD. Only Italy will struggle over a longer period to return to growth, highlighting the difficult situation confronting the … Continue reading

UK | More graduates in low skilled jobs

BBC News – Recent graduates are more likely to be working in lower skilled jobs than they were 10 years ago, new figures show. Over a third of recent graduates were in non-graduate jobs at the end of 2011 – up from around a quarter in 2001. The figures, from Office for National Statistics, also … Continue reading

Signs of UK recovery may be exaggerated | Business | The Guardian

The GDP data revealed a worrying 5.6% decline in business investment in the last quarter of 2011 Let’s hope the euphoria that greeted last week’s economic data lasts longer than the cheers England’s footballers can expect this summer when the European championships get underway. There is nothing more traditional than football supporters putting hope ahead … Continue reading

The female unemployment crisis | Society | The Guardian

Last week, the official UK unemployment figures showed that women were losing their jobs at a disproportionately greater rate than men. Of the 2.67 million people who are unemployed, 1.12 million are women – the highest number for 25 years. One factor is that the number of women in the labour market has increased over … Continue reading

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