Britain's dole queues grew at the fastest pace since records began, pound collapsing

JasonLVC

RDB wrote: »

If Feb was the worst since records began for newly unemployed whats March going to be like? The next few months for that matter?

March and April will be interesting. March being the financial year end for many businesses and always the time of year to hire or fire folks.....maye more firing than hiring this year?.

inspector_monkfish

crazygaijin wrote: »

http://www.moneyweek.com/investments/why-the-pound-is-healthier-than-it-looks-14744.aspx

"
Sure, the UK economy is in a shocking state. Credit conditions are still tight in spite of the endless bailouts, interest-rate cuts and money-printing exercises. Unemployment is 6.7% and rising. Consumption is falling, along with house prices and the general savaging of our personal finances. Our public finances are horrible, as Alistair Darling conceded in his budget. And the latest figures show that GDP fell 1.9% in the first three months of this year. That's the biggest decline since 1979."

...you could pretty much be talking about any country in the world right now...

bendix

crazygaijin wrote: »

The value of the pound is collapsing yet again

And that was before the jobless figures. No wonder that the value of the pound – which shows what the world really thinks of this country – is collapsing yet again.



February's British jobless numbers were always going to be grim - the City was expecting to see more than 80,000 more people out of work. But what emerged yesterday was truly shocking.
Britain's dole queues grew at the fastest pace since records began, taking the headline total to over two million for the first time in 12 years.

http://www.moneyweek.com/news-and-ch...all-14681.aspx

Maybe those 2 mil unemployed should move to Japan.

I live in Tokyo and the pound is so weak and the Yen so strong, you can earn 50pounds an hr minimum, you can get 60pounds an hour to stand in the street holding a sign

I was sending money in Yen back to the UK but now I think I will wait because the pound is going down even more.

Soon you will be able to get 80pounds an hr to clean toilets or wash the floor in a factory in Tokyo.

Poor old UK, what happened how did we get to this?

I love these kind of posts - they are so full of excited hyperbole and yet when you drill down into them they are full of holes.

Could you please provide proof that a toilet cleaner earns £80 per hour? I await with interest or that sign holders earn £60 per hour.

No? I thought not.

Ive spent a lot of time in Tokyo too and you're talking rubbish. I have employed middle management people (including expats) in Tokyo and they earn around the same or even less than they would earn in Tokyo. I have just last month sent a marketing manager on a 2 year secondment to Tokyo - his salary there had to be adjusted downwards to ensure it complied with local marekt conditions (although we added a daily allowance too, to compensate).

Hyperbole. Pure hyperbole.

inspector_monkfish

JasonLVC wrote: »

March and April will be interesting. March being the financial year end for many businesses and always the time of year to hire or fire folks.....maye more firing than hiring this year?.

we've had March already, last week......


09:38 22Apr09 -EUROPE: UK Mar unemployment continues to climb by 73.7K

08:36 GMT - The [MAR CLAIMANT COUNT] was much lower than expected with job losses amounting to 73.7K against a consensus expectation of 116k and compares to a revised 136.6k in Feb. This left the unemployment/claimant count rate at 4.5% when 4.6% was f/c and follows 4.3% previously. Note that the wider ILO measure of unemployment, which also includes those looking for work, stayed steady 6.7%.

Meanwhile, [FEB AVERAGE EARNINGS] including bonuses, fell drastically 0.1% against 1.4% expected and following a 1.8% in Jan. Excluding bonuses, avg earnings abated to 3.2% against 3.5% previously. Whilst the pace of jobless change dropped from too big mths, nonetheless unemployment continues its inexorable rise with the ILO total now above the 2.1 mn mark.

inspector_monkfish

bendix wrote: »

I love these kind of posts - they are so full of excited hyperbole and yet when you drill down into them they are full of holes.

Could you please provide proof that a toilet cleaner earns £80 per hour? I await with interest or that sign holders earn £60 per hour.

No? I thought not.

Ive spent a lot of time in Tokyo too and you're talking rubbish. I have employed middle management people (including expats) in Tokyo and they earn around the same or even less than they would earn in Tokyo. I have just last month sent a marketing manager on a 2 year secondment to Tokyo - his salary there had to be adjusted downwards to ensure it complied with local marekt conditions (although we added a daily allowance too, to compensate).

Hyperbole. Pure hyperbole.

its a month old

Jonbvn

bendix wrote: »

Ive spent a lot of time in Tokyo too and you're talking rubbish. I have employed middle management people (including expats) in Tokyo and they earn around the same or even less than they would earn in Tokyo.

Quite amzing that! Where I work people earn about the same or even less than where I work.:rotfl::rotfl:;)

BTW, if you check out this thread you will see that crazygaijin has just started his family late, very late, after moving from Tokyo to here and then getting a house and renting it out before claiming job seekers allowance and then retiring and then moving back to Japan where he had to sell a kidney.;);) I.e. his posts are complete BS!