This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/10604117
The article has changed 41 times. There is an RSS feed of changes available.
Previous version
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Next version
Version 28 | Version 29 |
---|---|
Economy tracker: Unemployment | Economy tracker: Unemployment |
(30 days later) | |
Latest news: | Latest news: |
The number of people out of work fell by 63,000 to 2.33 million in the three months to January, href="http://www.ons.gov.uk/ons/dcp171778_354442.pdf" >according to the Office for National Statistics. | |
The unemployment rate of the economically active population is 7.2%, and the number of people in work is 30.19 million. | |
The claimant count - the number of people claiming Jobseeker's Allowance - fell by 34,000 to 1.17 million in February. | |
Understanding unemployment:
| Understanding unemployment:
|
Unemployment is referred to as a lagging indicator, because businesses will often delay laying people off as long as they can in difficult times. | Unemployment is referred to as a lagging indicator, because businesses will often delay laying people off as long as they can in difficult times. |
A few months after the start of the recession in 2008, unemployment started to rise sharply. When the global financial crisis hit, the unemployment rate was a little over 5% or 1.6 million. | A few months after the start of the recession in 2008, unemployment started to rise sharply. When the global financial crisis hit, the unemployment rate was a little over 5% or 1.6 million. |
Towards the end of 2009, with the UK coming out of its severest recession since the 1950s, it was almost a million higher at 2.5 million, or 8%. | Towards the end of 2009, with the UK coming out of its severest recession since the 1950s, it was almost a million higher at 2.5 million, or 8%. |
Unemployment peaked at almost 2.7 million at the end of 2011, its highest level for 17 years. | Unemployment peaked at almost 2.7 million at the end of 2011, its highest level for 17 years. |