Unemployment falls to 7.4%

Graham_Devon

UK unemployment fell by 99,000 in the three months to October, with 2.39 million now out of work, official figures show.

The unemployment rate fell to 7.4%, the Office for National Statistics (ONS) said.

This is its lowest rate since the February-to-April period in 2009.
This compares with a figure of 7.6% for the three months to September, and is below the rate analysts had expected.

The ONS data also showed that the number of people claiming Jobseeker's Allowance in November fell by 36,700 to 1.27 million.

Meanwhile, pay grew by an average 0.8%.

http://www.bbc.co.uk/news/business-25428119

grizzly1911

All that glitters and all that.


https://hat4uk.wordpress.com/2013/12/10/exclusive-how-jobcentre-plus-statistics-are-being-inflated-to-support-osbornes-economic-growth-fiction/

Road_Hog

Graham_Devon wrote: »

Unemployment falls to 7.4%

And with everyone on zero hours contracts, it is easy to see this happening.


Meanwhile, in the real world, unemployment is very high and wages are declining in real terms.


Also, according to official statistics, inflation is around 2.5%, and anyone tried to buy food or heat their house will know that this is a complete load of ballacks.

dotdash79

grizzly1911 wrote: »

All that glitters and all that.


https://hat4uk.wordpress.com/2013/12/10/exclusive-how-jobcentre-plus-statistics-are-being-inflated-to-support-osbornes-economic-growth-fiction/

What pile of rubbish that site is, in the old card based days a vacancy advertised in more than one job centre counted multiple times.

pinkteapot

!!!!!! people, stop finding work, I'm taking out a tracker mortgage.

wymondham

isn't 7% the magic number for interest rates to wake up?

tomterm8

wymondham wrote: »

isn't 7% the magic number for interest rates to wake up?

No, it isn't. There has to be some sign inflation is rising first. At the moment, it seems to be likely to be stable or even fall below target for the medium term.

antrobus

Road_Hog wrote: »

...Also, according to official statistics, inflation is around 2.5%, and anyone tried to buy food or heat their house will know that this is a complete load of ballacks.

2.1% actually. But then again, I don't suppose that matters, because you know better than the ONS. :rotfl:

Road_Hog

antrobus wrote: »

2.1% actually. But then again, I don't suppose that matters, because you know better than the ONS. :rotfl:

Notice the bit where I said AROUND, not exactly.


It's been bubbling around the 2.5% for the last two years.


http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/november-2013/consumer-price-inflation-summary--november-2013.html

grizzly1911

antrobus wrote: »

2.1% actually. But then again, I don't suppose that matters, because you know better than the ONS. :rotfl:

RPI is 2.6%.

Inflation figures will vary from person to person as you well know at different times.

Thrugelmir

Scrootum wrote: »

So unemployment down and house prices shooting up. Wonder what Carney will have to say?

If people want to overpay for an asset then let them.