Unemployment reaches 11-year high

WTF?_2

mitchaa wrote: »

Erm...All very fine and well but please tell me what 154,480/60,000,000 x 100 comes too?

A very very very small % is the answer;)

You've posted the top 2 links of 300 redundancies or so from a housebuilder:rolleyes: Do you think those 300 are currently unemployed or do you perhaps think that a good proportion of them have found other jobs?

Couldn't be bothered to read the rest of the links as the stats released that i have highlighted proves it all.

An extra 155k people on JSA in the space of 1 year is nothing to report about in my opinion.

Wow - you really are in denial.

I do hope you haven't made financial plans or commitments off the back of your delusions.

mitchaa

!!!!!!? wrote: »

I can't figure out if you are really in this much in denial or just stirring the pot. :think:

Thanks for raising a chuckle though :money:

As Mr doom and gloom himself you cant see past the smoke and mirrors

Media hype;)

There are far more jobs available in comparison to the numbers that have recently become unemployed.

I do not believe everything i read no.

mitchaa

!!!!!!? wrote: »

Wow - you really are in denial.

I do hope you haven't made financial plans or commitments off the back of your delusions.

You state that but you cannot rip to shreds my arguments with the numbers stated.

Which are very very small.

0.25% of the country have been directly affected by job cuts....Great:rolleyes:

This nonsense will dominate the news and it will paint a picture of doom and gloom (Again)

When you sit down and think of the numbers involved, it's a sheer minority.

WTF?_2

mitchaa wrote: »

As Mr doom and gloom himself you cant see past the smoke and mirrors

Media hype;)

There are far more jobs available in comparison to the numbers that have recently become unemployed.

I do not believe everything i read no.

I merely call it as I see it.

Once I see a positive outlook for the markets, I'll be changing my tune.

Being a 'bull' or being a 'bear' on a market isn't about dogma, it's about making an informed decision based on the information available.

If you think the deteriorating employment situation can be handwaved away by blaming reforms in the incapacity benefit then you're just allowing an entrenched belief system to override reality. That will bite you hard if you are making financial decisions around it.

zappahey

mitchaa wrote: »

Erm...All very fine and well but please tell me what 154,480/60,000,000 x 100 comes too?

A very very very small % is the answer;)

But a significanlty larger percentage when you only look at those of working age, rather than the entire population.

mitchaa

!!!!!!? wrote: »

I merely call it as I see it.

Once I see a positive outlook for the markets, I'll be changing my tune.

Being a 'bull' or being a 'bear' on a market isn't about dogma, it's about making an informed decision based on the information available.

If you think the deteriorating employment situation can be handwaved away by blaming reforms in the incapacity benefit then you're just allowing an entrenched belief system to override reality. That will bite you hard if you are making financial decisions around it.

I know fine well that there are job cuts up and down the country and that we are in the middle of troubled times but every month is the same, more doom and gloom. This will be hammered on the news and in the papers for the next few days making everyone even more weary.

Thats the point i am getting at. I am not blind, i know people are losing their jobs but with the numbers involved it isn't a disastrous as the media are making out as the vast majority of people are still safely in their jobs.

The military, the emergency services, the NHS probably account for a good % of the employment market but all their jobs are 100% safe.

It is just a coincidence the new IB legislation is bang right in the middle of this. The lame and lazy now have to sign on JSA rather than being automatically given IB. This however small will have a portion of the blame for the rising unemployment levels.

mitchaa

zappahey wrote: »

But a significanlty larger percentage when you only look at those of working age, rather than the entire population.

I dont have figures for the 0-16 and 65+ age ranges but the numbers are still very small.

Even with the working population of 29,400,000. 155k of this only equates to 0.52% or 1 in every 200 people.

Additional to that, out of a 60m population, 29.4m are in work, 1.8m are unemployed, what are the other 29m other people doing?

The 0-16 and the 65+ will only account for about 15-20m of this.

The real unemployment rate in this country (Housewifes, footballers wifes etc) is far higher than 1.8m people

Unemployed means exactly what it states, It shouldn't be determined on the numbers of the amount of people in receipt of a certain benefit.

In my opinion anyway

SingleSue

Some of us are carers.....

Whilst I agree that the change in the IB rules may account for some of the increase, it still doesn't explain why the amount of jobs available and being advertised in the local media and jobcentres is getting smaller.

There are far fewer jobs available to apply for (over all aspects of the job market not just the niche areas) than there was a year ago.

dopester

mitchaa wrote: »

An extra 155k people on JSA in the space of 1 year is nothing to report about in my opinion.

Try pay-cuts on for size for many others remaining in employment as deflationary powers take hold of the economy.

I remember you talking not long ago or how it is so easy to walk straight in to another job with higher pay, and then another. I fear your expectations are from a different dimension and you will soon be welcomed back to the real world.

mustrum_ridcully

Oh and let us not ignore the numbers of Poles etc.who are leaving our sinking ship.

I don't know how many of the estimated 1 million Poles etc. have left. But let us assume that a fair few of those who left went of their own accord (and not because they've been made redundant) that means that they could be either creating a new job vacancy or at least preventing a redundancy.

This means that our E. European friends leaving could in fact be masking how bad things really are - for the time being at least. Plus if, as some commentators have said, they helped boost house prices and BTL market their exodus could impact house prices as well (I know some were happy to pay high rents as 6-8 might live in a 3 bedroom house)..

For those who aren't aware the fall in the value of the £ has hit the Poles hard (possibly others but I've had more contact with the Poles), in 2004 £1 = ~7 PLN, in 2008 £1 = ~4.5 PLN.