Unemployment FALLS this month!!!!!!!

Wookster

Your naivety is stunning Hamish. Perhaps you should have read The Times this morning.

Surprise fall in youth unemployment dismissed as the ‘lull before the storm’

The rise in unemployment in Britain slowed abruptly in the three months to August as the number of young people out of work fell, official figures showed yesterday.

Unemployment climbed by 88,000 to 2.47 million, but the number of young people out of work fell to 946,000 — 1,000 fewer than the record high set in the three months to July.

The number of people signing up for jobless benefits climbed at the slowest pace in 16 months in September, rising by 20,800 to 1.62 million. Among 18 to 24-year-olds, the figure increased by nearly 8,000 to 490,000.

The statistics surprised economists who had expected unemployment to rise above 2.5 million and youth joblessness to climb to 1 million as tens of thousands of school and college leavers struggled to find jobs.

Paul Kenny, general secretary of the GMB union, said the figures provided “some tentative signs of a very fragile recovery in the economy”.

But David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee, who was one of the first to forecast that unemployment could rise to 3 million, told The Times that the data on youth joblessness simply pointed towards the “lull before the storm”.

The article continues:
http://business.timesonline.co.uk/tol/business/economics/article6875241.ece

If you think its all over and we are about to return to the heady days pre 2007 then you're quite mistaken.

System

HAMISH_MCTAVISH wrote: »

Hopefully we can all agree this is great news.

Love the next 4 posts after this, falling unemployment is a disaster for some people.

Thrugelmir

Really2 wrote: »

To add our local paper did have very slight falls for the last month (0.01%)
This is a very small fall but at least it is not a gain and as meant less people have suffered last month.

Swindon's count fell by 118 people.

Interesting comments by a senior council official yesterday. The Government uses Swindon as a bell weather for the economy in general. Whatever happens in Swindon is ahead of the rest of the country by 6 months. I imagine due to the mix and diversity of employment, sectors and industries.

Expects the worst to hit locally in Q2 2010. They be cutting jobs and services in the Council as forecasting a £9 million defict in the 2010/11 fiscal year.

Really2

Thrugelmir wrote: »

Swindon's count fell by 118 people.

Ours was just over 60 people. But good news for those 60 for sure.

Thrugelmir

Really2 wrote: »

Ours was just over 60 people. But good news for those 60 for sure.

Mainly part time and temporary (contract) jobs though.

Unemployment in the under 25's is still rising.

Really2

Thrugelmir wrote: »

Mainly part time and temporary (contract) jobs though.

Unemployment in the under 25's is still rising.

Pass on the types of jobs, it never went in to that much detail.

But yes under 25's is still going up..

ruggedtoast

Joeskeppi wrote: »

Love the next 4 posts after this, falling unemployment is a disaster for some people.

Falling unemployment is a good thing. Rising unemployment fiddled by a useless corrupt government to seem like the reverse, and then trumpeted on this forum as truth by people who spend their copious free time whacking off over vhs recordings of 1980's Labour Party conferences, is not.

The reason unemployment appeared to go down last month is because September is the start of term for HE and FE. Institutions have been overwhelmed with unprecedented numbers of applications this year from youngsters who have no chance of getting a job, or who have been unemployed since leaving school.

StevieJ

Wookster wrote: »

Your naivety is stunning Hamish. Perhaps you should have read The Times this morning.



The article continues:
http://business.timesonline.co.uk/tol/business/economics/article6875241.ece

If you think its all over and we are about to return to the heady days pre 2007 then you're quite mistaken.

I must be missing something in that article In fact some are reducing their forecasts from the previously universal forecasts of 3mil+.

Karen Ward, UK economist at HSBC, said: “The business surveys are all consistent with a further moderation in the pace of job shedding. Our forecast is for unemployment to peak at around 2.7 million in 2010.”

Really2

ruggedtoast wrote: »

The reason unemployment appeared to go down last month is because September is the start of term for HE and FE. Institutions have been overwhelmed with unprecedented numbers of applications this year from youngsters who have no chance of getting a job, or who have been unemployed since leaving school.

Are they classed as unemployed? I never thought you could claim while in education or were allowed.
I am fairly sure the guy on the radio said unemployment was likely to be higher but is not because the groups you mentioned can not sign on.

ruggedtoast

Really2 wrote: »

Are they classed as unemployed? I never thought you could claim while in education or were allowed.
I am fairly sure the guy on the radio said unemployment was likely to be higher but is not because the groups you mentioned can not sign on.

Thats the point, once they go into education they are not unemployed any more and come off the register.

This year has seen record numbers of applications - so many that a lot of youngsters have failed to find a place anywhere, even in low end colleges.

Dont worry though because Brown is about to pull the funding rug out from Education as well, so things should be back to normal by next year.

You couldnt make it up - this miserable shower of incomptent hopeless !!!!-heads are ruining our country, running us billions into debt and creating a mountain of cuts that are all going to hit at once after the next election, and people are on here trumpeting the "good news" about Labour's lies and propoganda.