There are more jobs, but the pay is lower, your chances of being underemployed are higher, your risk of losing your job is higher, and if you do become unemployed your chances of getting a job are lower.
Tag Archives: unemployment
Unemployment decreased by 48,000 between July 2013 and September 2013 to 2.47 million, with the unemployment rate now at 7.6 per cent, today’s labour market statistics reveal.
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.
Since the coalition took office long term youth unemployment has risen to over 70,000, according to figures from the Department for Work and Pensions (DWP).
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.