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Latest Unemployment Data - Not Encouraging

The latest unemployment figures out today show the number of people unemployed in the UK increasing by 80,000 to 2.51 million in the three months to July, with unemployment now at 7.9%.  This is the largest increase since August 2009.  Unemployment is highest in the North East (10.7%) and lowest in the South East (5.8%).  Youth unemployment rose by 78,000 to 973,000.  Things aren't much better for women - the number of unemployed women increased by 41,000 to 1.06 million, the highest figure in 23 years!

The impact of government cuts is now being felt in the public sector where employment fell by 111,000 between March and June 2011 - the largest fall in public sector employment since comparable records began in 1999. In June 2011 the public sector accounted for 20.7 per cent of all people in employment, the lowest percentage since September 2008.

Being the master of understatement, Chris Grayling said today,"Clearly this is a very unwelcome set of figures. Any increase in unemployment is something we really don't want to see happen," He reiterated the need for the private sector to create jobs, but as the latest employment figures reflect weak economic growth it is difficult to see how the government can repeat this mantra and retain any credibility.

For full details of the latest figures visit the ONS website.  If you're used to the Labour Market Statistics Bulletin we've listed some of the common links below to make it easy to find the old style information.  You can download data tables direct from the PDF documents, but there is a whole host of data tables that you can download.

Labour Market Statistics Bulletin - use the hyperlinks on the right to show the descriptors of each bulletin and dataset

PDF version of the Bulletin - the bulletin we know and love

PDF version of the Regional Bulletin - the regional highlights

Datasets relating to the Bulletin - the regional datasets page

In keeping with the new technological age, ONS now release their statistics via a You Tube presentation.  If you haven't seen it before then visit the onsstats channel.


14 September 2011

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