Unemployment & the UK Labour Market - Teacher Presentation
This updated revision presentation examines the key issues involved with rising unemployment in the UK labour market. It looks at new data on the causes and consequences of UK unemployment and also touches on the regional, gender and other differences in the experience of unemployment - there is a set of right up to date charts on these aspects.
Launch interactive presentation on UK unemployment
Download printable pdf version of the slides
Unemployment in the UK labour market
We have put up a streamed presentation on the latest UK unemployment statistics - available to view here
Briefly:
*UK unemployment is now at its highest rate for 13 years
*Youth workers appear highly vulnerable in this downturn, 40% of all UK. workers losing a job during this recession are between the ages of 16 and 25
*Employment has fallen and there are fewer vacancies - hence more people chasing each available job
*Many businesses have cut wages and hours
*Gap between LFS measure (2.4million) and claimant count measure (1.6 million) is widening - the government is concerned enough about this to be started an inquiry. Many people out of work may be relying on income from other family members and their own savings or redundancy payments rather than signing on as jobless
Taking the pulse around the UK economy - are the anti-virals working?
Here is a whole feast of reports about the current state of the UK economy from the BBC – albeit some of them quite unpalatable. On the day on which the Labour Force Survey shows the biggest quarterly rise in unemployment since records of the ILO measure began in 1971, the BBC has a survey that shows that two out of three people know someone who has lost their job due to the recession, and 40% fear losing their own job. The survey is part of their feature ‘Taking the Pulse around the UK’ which is being covered on TV, radio and the website today. As well as the survey there is a series of video reports; in one from a Northampton market where a fruit and vegetable trader says he has never worked so hard for so little, while a clothes stall owner says she has altered the clothing she sells, stocking cheaper goods than before, in order to survive. In another, Hugh Pym summarises key indicators about the state of the economy, and a third has Stephanie Flanders debating the state of the economy with herself. The set of reports are well worth browsing through, and following the links to related items.
Unemployment rates in the European Union
Having enjoyed one of the strongest labour market records among fellow EU member nations over the last decade, the UK has slipped to 10th place in the rankings for unemployment using the standardised ILO measure (i.e. the labour force survey measure in the UK). Five of Europe’s new member states now have unemployment rates below that of the UK. The club med countries continue to dominate the lower reaches of the table.
read more...»Good Job?
At last, some good news for the British economy? Unemployment fell in the UK in the final quarter of 2007, with both the Claimant Count and Labour Force Survey measures recording decreasing joblessness. Overall, the employment rate has risen to 74.7%.
The Claimant Count recorded a drop of 10,800 to 794,600 and the LFS a fall of 61,000 to 1.61 million. As expected, the distribution of employment and unemployment differs from region to region, and also within regions.
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