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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The ups and downs of unemployment

The unemployment rate was unchanged at 8.0% in the three months to March 2010. But the number of unemployed increased by 53,000 over the quarter to reach 2.51 million. This is the highest figure since the three months to December 1994. Figures were also published by the Office for National Statistics yesterday to show that the number of people classed … Continue reading

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Unemployment reaches 2.5 million

The latest unemployment figures take a bit of unravelling. The headline figure for the three months to February, using the Labour Force Survey measure, was up by 43,000 over the quarter to reach 2.5m. This is the highest figure since 1994. This gave an unemployment rate of 8.0% which was up 0.1% on the previous quarter. This is bad news. … Continue reading

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Headline unemployment falls but what lies beneath the figures?

In the three months to December, unemployment fell by 3,000 on the previous three months, to total 2.46 million. This gave an unchanged unemployment rate of 7.8%. There was also good news on the vacancies front, as these rose by 49,000 to 479,000. At the same time redundancies fell in the final quarter of 2009 by 36,000 on the previous … Continue reading

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