We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Unemployment rises 0.1%

On Sky now.

From 8.3% to 8.4%.

Average pay rise 1.9%.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

Belief in myths allows the comfort of opinion without the discomfort of thought.”

-- President John F. Kennedy”
«134

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    1% is 118,000.

    Total unemployment (3 month figures) now 2.65m
  • It is indeed, and bad news for those losing a job.

    Still, I'm sure there will be a vulture somewhere salivating at the thought of picking up a cheap house.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • abaxas
    abaxas Posts: 4,141 Forumite
    It is indeed, and bad news for those losing a job.

    Still, I'm sure there will be a vulture somewhere salivating at the thought of picking up a cheap house.

    Obviously borrowing too much to buy expensive houses didnt contribute to the problem.
  • abaxas wrote: »
    Obviously borrowing too much to buy expensive houses didnt contribute to the problem.

    Obviously, it's impossible to pay any sort of mortgage on JSA. The size is not of much relevance when your income is virtually zero.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    For 16-24 year olds, the jobless rate is an eye watering 22.3%.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    For 16-24 year olds, the jobless rate is an eye watering 22.3%.

    The real disgrace in all this.

    At least the politicians have got excellent ideas on how to get this one sorted.

    "Errrr....buy the Queen a yacht"

    There you go.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Still, I'm sure there will be a vulture somewhere salivating at the thought of picking up a cheap house.

    Give it a rest. On a par with you wanting FTB to get into even more debt to own a home
  • For 16-24 year olds, the jobless rate is an eye watering 22.3%.

    tough times out there undoubtedly

    i would guess this is largely down to employers trimming down and distributing junior roles and responsibilities to their more experienced staff whom it would be more costly to get rid of via redundancy
    'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
    GALATIANS 6: 7 (KJV)
  • ILW
    ILW Posts: 18,333 Forumite
    Obviously, it's impossible to pay any sort of mortgage on JSA. The size is not of much relevance when your income is virtually zero.

    If the house had cost less, they may have been able to put away enough savings to cover themselves for a while.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    On Sky now.

    From 8.3% to 8.4%.

    Average pay rise 1.9%.

    Just to make the point, the ONS doesn't count every unemployed person, they do a survey. 0.1% is about the margin for error so most likely unemployment is somewhere between flat and up 250,000.

    Just to muddy the waters even more, most of the really bad economic news in the past few years has come in the northern winter. There is some evidence to suggest that is skewing seasonal adjustment so things appear better than otherwise now and worse in the summer.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.