U.K. jobless claims see August rise

Discussion in 'Economics' started by ASusilovic, Sep 16, 2009.

  1. The number of British workers claiming jobless benefits rose by 24,400 in August to a total of 1.61 million, the Office for National Statistics reported Wednesday. The increase exceeded forecasts for a rise of 20,450. The unemployment rate, when calculated according to International Labor Organization standards, rose to 7.9% in the three months to July, up from 7.2% in the previous three months. The unemployment level rose by 210,000 to 2.47 million during the period, the ONS said. Average earning excluding bonuses rose at an annual pace of 2.2% in the three months to July, the lowest rise since comparable records began in 2001. Including bonuses, earnings rose 1.7%.

  2. Mvic


  3. Lethn


    *smacks head on table* This is what happens when you only bailout the banks and the big corporations.

    Corporatism ftw.
  4. This 'un was a bit of a damp squib, neither here nor there, IMHO.
  5. unemployment is one thing, I believe it is calculated on the basis of people checking in to Job Centres/applying for benefits.

    what about employment? What about people that do not declare themselves unemployed by not checking in?

    I know a lot of bankers that lost their jobs that didn't bother declaring themselves unemployed.

    Are there any figures showing the net change in employment?
  6. The ONS is your friend...

  7. many thanks