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Category Archives: unemployment

Job vacancies and skills are often not matching up

Several developed economies are seeing increasing numbers of job vacancies but their unemployment rates are not going down. In some cases, they are even rising. What is happening is that many of the workers who lost their jobs to the economic crisis do not have the skills that the labour market now demands. “These skills mismatches mean that unemployed people … Continue reading

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The UK paradox on employment

In its latest Economic Outlook released this morning, the OECD aims to shed some light on the so-called ‘UK paradox’ of employment rates rising while economic growth remains weak. Today’s Outlook says of the UK : “Although employment grew strongly in 2012, unemployment is expected to rise slightly in 2013, as the subdued recovery and continued uncertainty may make firms … Continue reading

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Employment divide in Spain

Unemployment in Spain is rising faster in rural areas than in urban centres and is fuelling social unrest, according to the latest statistics produced by ILO’s International Institute for Labour Studies (IILS). The study shows that unemployment in rural areas jumped from just over 8 per cent in 2007 to more than 26 per cent in 2012, while in urban … Continue reading

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Inflation to stay above target and unemployment to rise to 3 million

This is included in the latest forecast from the Centre for Economics and Business Research (Cebr), which has been voted the best GDP forecaster for 2011. The Cebr forecasts that increases in oil and commodity prices – reflecting the impact of quantitative easing in the US and Eurozone – mean that their inflation forecast has had to be raised sharply … Continue reading

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The problem of underemployment

We had the latest unemployment figures released this week which made good reading – at least on the surface. The number of unemployed people fell by 35,000 over the quarter to February 2012 to reach 2.65 million. This meant that the unemployment rate fell to 8.3% from 8.4% on the quarter according to the Labour Force Survey findings. But, there … Continue reading

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Unemployment rises but could be flattening out

The headline figure shows that UK unemployment rose by 28,000 to 2.67 million in the three months to January, according to figures released today by the Office for National Statistics. This meant that the unemployment rate rose to 8.4% from 8.3% on the quarter, and this is the highest it has been since 1995. On the other hand there were … Continue reading

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“A slow, painful contraction in the jobs market”

This is the bleak outlook put forward by the Chartered Institute of Personnel and Development (CIPD) based on its quarterly survey of 1,000 employers in the private, public and voluntary sectors. The poll suggests that unemployment will rise in the fourth quarter as their net employment index, which compares the numbers of employers planning to hire workers against those expecting … Continue reading

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Sharp rise in UK unemployment

Recovery, what recovery? Unemployment rose by 80,000 to 2.51 million in the three months to July, according to figures released this morning by the Office for National Statistics. This means that the jobless rate now stands at 7.9%. The so-called Claimant Count – those claiming Jobseeker’s Allowance, rose by 20,300 in August to reach 1.58 million. There was also a … Continue reading

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Fall in UK unemployment

Unemployment, measured by the Labour Force survey, fell by 36,000 in the three months to March 2011, to reach 2.46m. This is according to official statistics just released by the Office for National Statistics. This means that the unemployment rate was down 0.1 percentage point on the quarter, to reach 7.7%. The number of men unemployed fell by 31,000 to … Continue reading

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Small drop in UK unemployment

The number of people out of work fell by 17,000 to 2.48m in the three months to February according to the Labour Force Survey measurement. The Office of National Statistics also noted that this represented a fall of 0.1 percentage point in the unemployment rate, to reach 7.8%. However, the alternative measure of unemployment, the jobseeker’s allowance or claimant count, … Continue reading

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