Job Market Monitor
UK
UK unemployment benefit claims post unexpected rise
Mixed unemployment data show headline jobless rate fell 51,000 to 2.61m as claimant count rose 8,100 to 1.6m Source: m.guardian.co.uk. Related articles (jobmarketmonitor.com) UK unemployment falls by 51,000 and 166,000 more people in employment – ONS UK: Long-term youth unemployment grows eight-fold since 2000 UK Youth Unemployment | From 6,000 to 50,000 on Jobseekers’ Allowance for more than … Continue reading
UK Long term youth unemployment up 874% in 12yrs says TUC Report
The number of young people who have been unemployed for more than a year since 2000 has increased by an enormous 874 per cent (from 6,260 to 60,955), going up by 264 per cent in the last year alone. In comparison, on average across all working age groups, long-term unemployment has risen by 50 per … Continue reading
UK unemployment falls by 51,000 and 166,000 more people in employment – ONS
For February to April 2012: • The employment rate for those aged from 16 to 64 was 70.6 per cent, up 0.3 on the quarter. • There were 29.28 million people in employment aged 16 and over, up 166,000 on the quarter. The number of people employed in the private sector increased by 205,000 to … Continue reading
UK: Long-term youth unemployment grows eight-fold since 2000
The number of young people out of work for at least a year has grown eightfold in the last decade, a grim analysis shows ahead of Wednesday’s official unemployment figures The report by the TUC reveals an “enormous” increase in long-term youth unemployment over the past 12 years, with the number of 18 to 24 … Continue reading
When 50 per cent youth unemployment is (apparently) protecting the grand kids
Over the last week, a Londoner and a Glaswegian have publicly embarrassed themselves with statements made about the current economic situation. One is an academic historian who hasn’t fully understood history. The other a politician who is seeking to deny the obvious and somehow blur his own culpability in driving the British economy back into … Continue reading
UK cities | An international comparison of unemployment
Unemployment has fallen for the second consecutive month to March. Yet the outlook remains fragile as part-time work and self employment increase in the absence of full-time job creation. The picture across UK cities continues to look very different. To highlight just how different we’ve compared ILO unemployment rates by city to countries around the … Continue reading
UPDATE – UK | Surprise Job Market positive results based on p/t working & self-employment
(ONS Press Release) – For January to March 2012: • The employment rate for those aged from 16 to 64 was 70.5 per cent, up 0.2 on the quarter. There were 29.23 million people in employment aged 16 and over, up 105,000 on the quarter. The quarterly increase in employment was entirely due to more part-time workers. • … Continue reading
UK | Surprise Job Market Positive Results
(ONS Press Release) – For January to March 2012: • The employment rate for those aged from 16 to 64 was 70.5 per cent, up 0.2 on the quarter. There were 29.23 million people in employment aged 16 and over, up 105,000 on the quarter. The quarterly increase in employment was entirely due to more part-time workers. • … Continue reading
UK | More than 60,000 NHS jobs ‘at risk’
More than 25,000 National Health Service posts have been abolished in the past two years and more than 60,000 further jobs are at risk, according to the Royal College of Nursing. Government proposals to move care of many patients from acute hospitals to community settings are branded a “facade” by the nurses’ representative body in … Continue reading
Looking for work abroad | Only money and lack of skills stand in the way
Three out of five employees in the UK (60%) want to change their job, but are being held back by a lack of finances(46%) and not having the right skills (42%), according to new a poll of 3,000 people by Bing, Microsoft’s search engine. The research was conducted to examine what Brits really want to … Continue reading
Migrant Workers | A8 Countries | Great Britain: Overall, have contributed to the growth of the UK economy
“In May 2004 the UK, Sweden and Ireland were the only EU countries to fully open their labour markets to migrant workers from A8 countries.[1]” write Nick Clark and Jane Hardy in Free Movement in the EU – The Case of Great Britain, a report publisher on Bibliothek der Friedrich-Ebert-Stiftung. “The same access to labour … Continue reading
UK | Wealthy and Wealthier
Britain’s wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons’ earnings and savings were squeezed by inflation and low interest rates. The combined wealth of Britain’s 1,000 richest people swelled by almost five percent to more than 414 billion … 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 | Millions of workers force to work past 75
Millions of workers will be forced to work past the age of 75 because they are in the dark on how much they need to save for a comfortable retirement. The Pensions Policy Institute, which carried out the research, said that people were not saving enough, although living longer, volatile stock markets and plunging annuity … Continue reading
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