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UK unemployment total reaches 17-year high

24

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It is. A bit worrying really.

    Still record numbers in work. So comparison to years gone by are misleading.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    joguest wrote: »
    I'm waiting in eager anticipation to see how the bulls are going to provide an analysis that proves that house prices are going to go up as a result of this news.

    I can't see house prices going down as a result of this news either.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    joguest wrote: »
    I'm waiting in eager anticipation to see how the bulls are going to provide an analysis that proves that house prices are going to go up as a result of this news.

    In 2009 unemployment was rising but house prices rose too.
    If I don't reply to your post,
    you're probably on my ignore list.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rinoa wrote: »
    In 2009 unemployment was rising but house prices rose too.

    Unemployment levels have yet to get worse before they turn the corner.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Thrugelmir wrote: »
    Unemployment levels have yet to get worse before they turn the corner.

    I don't doubt it. My point was that higher unemployment in itself is not as big an influence on house prices as some believe.
    If I don't reply to your post,
    you're probably on my ignore list.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Mallotum_X wrote: »
    So its down to Greece and everywhere else, not our fault guv.
    Funny, it didn't seem to be international when Brownie was carrying the can:)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    StevieJ wrote: »
    Funny, it didn't seem to be international when Brownie was carrying the can:)

    I thought his excuse was America...
  • joguest
    joguest Posts: 233 Forumite
    Rinoa wrote: »
    In 2009 unemployment was rising but house prices rose too.

    Well done. You win the award.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »
    How does a cut of 175,000 part time workers = part time employment rising?



    How that can be spun to part time employment increasing I do no know?


    The kids are getting hit hard, finishing school or university and straight in to unemployment.

    Sigh.

    The amount of people in part time work as opposed to full time work is rising and has been for some time.

    This is just saying that the job losses were part time in this instance.

    Two different figures. Nothing amazingly confusing.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 12 October 2011 at 1:35PM
    Sigh.

    The amount of people in part time work as opposed to full time work is rising and has been for some time.

    This is just saying that the job losses were part time in this instance.

    Two different figures. Nothing amazingly confusing.

    But what is it in percent? as someone said before.
    Thrugelmir wrote: »
    Still record numbers in work. So comparison to years gone by are misleading.


    Going up is a given with an increasing population, it is the percentage increased compared to all employed which gives us the context of any increase.
    The drop in part time employment equated to around 2% of all employed part time.
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