MSE News: Unemployment rises by 88,000

ruggedtoast

Holy Christ unemployment - the extent of the public sector cuts that are coming next year will be brutal. Not only that there is a massive private sector service industry supporting the public sector.

I work in not for profit and know a lot about this sector - absolutely everyone is on advance notice of layoffs and cutbacks from charities to hospitals to successful universities.

The only reason it hasnt happened yet is because along with spending 200 billion quid trying to stop house prices going down, that squinty unelected ballbag in No. 10 is hurling billions more of his baloney at keeping us in work so that we vote for him in June so he can start laying us off in July.

Unemployment - it hasnt even started - I am literally gob smacked at the credulity of some people who think the downturn is over and the UK has escaped.

Edit: I should also point out that the real reason unemployment appears lower than expected this month is because pretty much every young person with a pen and the ability to sign a UCAS application applied to go to university and started at the end of last month. This has nothing whatsoever to do with the rate of available jobs going up.

StevieJ

lemonjelly wrote: »

By the way, would like to say a big thanks to MSE Guy for this part of his post. I've seen some outrageous comments about MSE staff before, way out of order. I really like the impact and explanation of the above text. To me it removes barriers.
Cheers MSE Guy!:beer:

Creep :eek:

HAMISH_MCTAVISH

Really2 wrote: »

I really hope unemployment as now peaked. If it has that would be odd as we are still not out of recession yet.

Unemployment has not yet peaked, but the rate of growth is slowing markedly.

At the beginning of the year, it was closer to 100,000 a month being made unemployed. This has now slowed to 88,000 in 3 months.

Forecasts of 3 million by Christmas now look unlikely, 2.75 million is probable at current rates, or less if it continues to slow. If we do come out of recession now, I'd expect unemployment to peak in Spring/Summer next year at around 3 million.

Which is significantly better than the 4 million plus in the 80's.... But still not good for those who go through it.

As for Public Sector cuts, the Tories made it pretty clear in their conference that they are not planning massive cuts in numbers of workers. Freezes in hiring and pay are almost guaranteed, but I rather suspect mass layoffs are not really on the cards no matter who wins. Public sector cuts will happen, but more through attrition as the last thing the Tories want to do is tip the country back into recession.

lemonjelly

StevieJ wrote: »

Creep :eek:

Jealous cos I beat ya to it?;)

Really2

HAMISH_MCTAVISH wrote: »

But still not good for those who go through it.

Indeed, I know it is still going to creep up, just a bit of hope as it would be nice for as many people to retain their jobs as possible.

Really2

lemonjelly wrote: »

Jealous cos I beat ya to it?;)

They did it on the inflation one yesterday also.

zappahey

HAMISH_MCTAVISH wrote: »

As for Public Sector cuts, the Tories made it pretty clear in their conference that they are not planning massive cuts in numbers of workers. Freezes in hiring and pay are almost guaranteed, but I rather suspect mass layoffs are not really on the cards no matter who wins. Public sector cuts will happen, but more through attrition as the last thing the Tories want to do is tip the country back into recession.

There's the added factor that we probably can't afford the redundancy payments to reduce the public sector workforce.

abaxas

zappahey wrote: »

There's the added factor that we probably can't afford the redundancy payments to reduce the public sector workforce.

Easily sorted with a bit of new legislation. Easy sell if you say your getting rid of those who are not up to scratch. Does the taxpayer really want to pay people for doing nothing?

When you have the majority, you can do anything.

mbga9pgf

No, but they can fire and rehire, with less rosy terms and conditions, IE pensions. Redundancy even in the public sector rarely extends to more than 6 months wages, well worth hiring and firing for.