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14/12/2011
UK Unemployment Up By 128k Since October
The UK's unemployment rate has risen by 128,000 in the three months to October, reaching 2.64 million, according to the Office for National Statistics (ONS).
Reaching a 16-year high, the jobless rate was 8.3%, up from 7.9% in the last quarter of the year. Meanwhile, youth unemployment rose to 1.027 million, its highest since records began in 1992, beating the previous record set only last month.
It is understood the fall was largely driven by 67,000 job losses in the public sector. The private sector added just 5,000 jobs over the same period.
Wages continued to rise well below the rate of inflation. Excluding bonuses, average pay rose 1.8% from a year ago, and by just 0.1% from three months ago.
The news comes after Tuesday's reports that although the UK's inflation rate dropped slightly in November it is now the highest in the EU, according to the Labour party.
Tuesday's figures from the ONS on the rate of Consumer Prices Index (CPI) inflation in the UK fell to 4.8% during November, down from 5% the month before.
The rate is well in excess of the Bank of England's target of 2% and over a percentage point higher than other financially troubled EU countries such as Italy, Spain, Greece and Ireland.
Owen Smith, Labour's Shadow Treasury Minister, said that Britain now had the highest inflation of any EU country and it was time Ministers "took responsibility".
"We need action now to help hard-pressed families and pensioners who have been hit hard by the Tory VAT rise and this out of touch Government’s failure to act on soaring energy prices.
"A temporary cut in VAT, part of Labour’s five point plan for jobs, would ease the squeeze on families, boost our struggling high streets and help to kick-start our flat-lining economy. It would cut petrol prices by 3p a litre and give a couple with children an average boost of £450 a year.
According to the ONS, the fall was partly due to a slowdown in the rise in food and non-alcoholic drink prices. Cereals and bread prices fell by 1% in the month, compared with a 1.9% increase a year ago.
(DW)
Reaching a 16-year high, the jobless rate was 8.3%, up from 7.9% in the last quarter of the year. Meanwhile, youth unemployment rose to 1.027 million, its highest since records began in 1992, beating the previous record set only last month.
It is understood the fall was largely driven by 67,000 job losses in the public sector. The private sector added just 5,000 jobs over the same period.
Wages continued to rise well below the rate of inflation. Excluding bonuses, average pay rose 1.8% from a year ago, and by just 0.1% from three months ago.
The news comes after Tuesday's reports that although the UK's inflation rate dropped slightly in November it is now the highest in the EU, according to the Labour party.
Tuesday's figures from the ONS on the rate of Consumer Prices Index (CPI) inflation in the UK fell to 4.8% during November, down from 5% the month before.
The rate is well in excess of the Bank of England's target of 2% and over a percentage point higher than other financially troubled EU countries such as Italy, Spain, Greece and Ireland.
Owen Smith, Labour's Shadow Treasury Minister, said that Britain now had the highest inflation of any EU country and it was time Ministers "took responsibility".
"We need action now to help hard-pressed families and pensioners who have been hit hard by the Tory VAT rise and this out of touch Government’s failure to act on soaring energy prices.
"A temporary cut in VAT, part of Labour’s five point plan for jobs, would ease the squeeze on families, boost our struggling high streets and help to kick-start our flat-lining economy. It would cut petrol prices by 3p a litre and give a couple with children an average boost of £450 a year.
According to the ONS, the fall was partly due to a slowdown in the rise in food and non-alcoholic drink prices. Cereals and bread prices fell by 1% in the month, compared with a 1.9% increase a year ago.
(DW)
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Unemployment Rises By 28,000
According to figures from the Office for National Statistics (ONS) UK unemployment rose by 28,000 to 2.67 million during the three months to January. The unemployment rate for January was 8.4%, up from 8.3%. Between 16-24 year olds unemployment rose by 16,000 to 1.042m, a rate of 22.5%.
Unemployment Rises By 28,000
According to figures from the Office for National Statistics (ONS) UK unemployment rose by 28,000 to 2.67 million during the three months to January. The unemployment rate for January was 8.4%, up from 8.3%. Between 16-24 year olds unemployment rose by 16,000 to 1.042m, a rate of 22.5%.
18 May 2010
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
18 January 2006
UK unemployment reaches 5%
Unemployment in the UK has risen to about 1.53 million or 5%, the highest figure in three years. The figures from the Office of National Statistics (ONS) also highlighted how job vacancies fell by 12,700 to 606,500, while the number of benefit claimants rose by 7,200 to 909,100. The 'economic inactivity' rate for people of working age was 21.
UK unemployment reaches 5%
Unemployment in the UK has risen to about 1.53 million or 5%, the highest figure in three years. The figures from the Office of National Statistics (ONS) also highlighted how job vacancies fell by 12,700 to 606,500, while the number of benefit claimants rose by 7,200 to 909,100. The 'economic inactivity' rate for people of working age was 21.
04 April 2014
House Prices Decline By -1.1%
House prices fell by -1.1% in March according to Halifax. This was the third monthly decline in the past 15 months. The monthly movements, however, can be volatile and the three month-on-three month change is a more reliable indicator of the underlying trend. However, house prices in the latest three months, January to March 2014, were 2.
House Prices Decline By -1.1%
House prices fell by -1.1% in March according to Halifax. This was the third monthly decline in the past 15 months. The monthly movements, however, can be volatile and the three month-on-three month change is a more reliable indicator of the underlying trend. However, house prices in the latest three months, January to March 2014, were 2.
15 February 2012
UK Unemployment Jumps 50,000
UK unemployment is up by almost 50,000, reaching 2.67 million in the three months to December, according to official figures. The Office for National Statistics revealed on Wednesday that the unemployment rate was now at 8.4%, while the number of people claiming Jobseeker's Allowance last month increased by 6,900 to 1.6 million.
UK Unemployment Jumps 50,000
UK unemployment is up by almost 50,000, reaching 2.67 million in the three months to December, according to official figures. The Office for National Statistics revealed on Wednesday that the unemployment rate was now at 8.4%, while the number of people claiming Jobseeker's Allowance last month increased by 6,900 to 1.6 million.
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