UK Unemployment Rises

The Office for National Statistics (ONS) announced that between December and February the unemployment in the UK has risen up to 2.56 million. Many people have been made redundant, hopefully their employers had a redundancy policy.

Those who claimed Jobseeker’s Allowance last month were 1.53 million which means 7,000 less than before. There is no reliable data on how many employment contracts have been signed up for the same period.

Another thing ONS stated was that average earnings in the year to February mark the lowest growth rate since 2009.

In the latest quarter of February the number of people in work fell to just under 30 million.

Statistics also showed that 900,000 people have been out of work for more than a year and that the number of 16-24-year-olds with no job rose by 20,000 to 979,000

The data point a 62,000 fall in the number of people in part-time jobs and an increase by 60,000 in full-time employment.

Alan Clarke, economist at Scotia bank, said: “It’s not a disaster, but a lot of the froth and really good news we had over the last year on jobs is becoming exhausted, which shouldn’t be a surprise when there is not much growth around.”

Employment minister Mark Hoban said they would not stop helping jobseekers.

The number of JA claimers in whole England, Wales and Scotland has fallen having in mind that the number of new claims was at its lowest level for more than four years.

The number of young people claiming JA is down by 2,800 on the month, and is 65,400 lower than last year.

As usually there are many people criticizing the decision of the UK government. These claim that the government has to think over reining back its austerity plan.

Paul Kenny, general secretary of the GMB union, said: “The chancellor should heed IMF advice to change course to grow the economy to end this needless waste of human talent.”

 

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