Unemployment up 15,000 to 2.52 million
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.
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.
Unemployment rose by 70,000 between December 2012 and February 2013 to 2.56 million, and the unemployment rate has risen to 7.9%, today’s labour market statistics reveal.
Today’s figures (covering November to January) have people wondering if the labour market may be running out of road. The key figure in today’s release is for pay. Average weekly earnings for regular pay (3 month average) in January were just 1.2 per cent higher than they had been a year earlier – the fifth successive fall in the annual rate of increase.
Unemployment rose by 7,000 between November 2012 and January 2013 to 2.52 million, but the unemployment rate stays at 7.8%, today’s labour market statistics reveal.
Any government would be pleased with today’s labour market figures, but it is possible to claim too much for them, writes Richard Exell.
Richard Exell analyses the latest labour market statistics.
Richard Exell analyses the latest labour market statistics.
The fall in unemployment was smaller than the rise in the number of economically inactive people who want work.
A recovery driven by part-time work and accompanied by falling living standards won’t feel like a recovery to most people, writes Duncan Weldon.