
Unemployment down 167,000 to 2.32 million
Unemployment decreased by 167,000 between September 2013 and November 2013 to 2.32 million, with the unemployment rate now at 7.4 per cent, today’s labour market statistics reveal.

Unemployment decreased by 167,000 between September 2013 and November 2013 to 2.32 million, with the unemployment rate now at 7.4 per cent, today’s labour market statistics reveal.

Just under a fifth of the coalition’s ‘million new jobs’ are the result of the reclasification of further education and sixth form college teachers as private sector employees.

Spencer Thompson explores the issue of youth unemployment and why it is more and more young people are struggling to gain employment.

This month’s labour market statistics continue the same pattern we have seen in recent months: small improvements in overall employment and unemployment but youth unemployment and long-term unemployment not going anywhere much.

Unemployment decreased by 57,000 between March 2013 and May 2013 to 2.51 million, with the unemployment rate now at 7.8 per cent, today’s labour market statistics reveal.

Today’s employment figures include a couple of headlines the government will be grateful for and what seems like an improvement on the pay front. But when you look at the labour market from a slightly longer perspective, the picture is less brilliant.

Unemployment decreased by 5,000 between February 2013 and April 2013 to 2.51 million, with the unemployment rate rising to 7.8 per cent, today’s labour market statistics reveal.

The ‘recovery’ in the wider economy is not being matched by rising real wages or rising living standards, instead the demand-constrained UK economy might be stumbling into a lower wage, lower productivity growth model with serious implications for living standards in the future.

Unemployment rose by 15,000 between January 2013 and March 2013 to 2.52 million, with the unemployment rate rising to 7.8 per cent, today’s labour market statistics reveal.

Whilst important not to read too much into one set of figures, it may now be the case that the weakness of the wider economy is catching up with the labour market.