Large rise in UK unemployment creates 17 year high

[Tommy4ever]

http://www.bbc.co.uk/news/business-15271800

A large rise in unemployment with 114,000 more people out of work. The unemployment rate now stands at 2.57 million, 8.1% of the workforce which, as I said, is a 17 year high. On top of this, look at the jobless rate for young people - just under a million youth unemployed (16-24) which is a rate of 21.3%!

That rate of job loss is pretty incredible, I can't see the UK economy staying out of recession for much longer.

Basically, things are bad and getting worse. :(

[00000000000]

Don't worry, George and Dave have a plan. Society's going to get really Big and there's gonna be cuts in spending across the board and jobs lost and...we'll have a lower deficit and...
*heavy sigh*

[Per Levy]

thes are the offical numbers arnt they? does someone knows the inoffical numbers of umemploment? i mean here in germany we have millions of unemployed people who are not counted(for a lot of silly reasons) as being unemployed. and to my knowledge those statistic tricks are used everywhere.

but yeah its bad, i wonder hwo current goverment wants to deal with that. probally with more cuts in wellfare and so on...

[GatesofLenin]

... and yet that lazy old haggard Queen still lives well ...

[Vladimir Innit Lenin]

thes are the offical numbers arnt they? does someone knows the inoffical numbers of umemploment? i mean here in germany we have millions of unemployed people who are not counted(for a lot of silly reasons) as being unemployed. and to my knowledge those statistic tricks are used everywhere.

but yeah its bad, i wonder hwo current goverment wants to deal with that. probally with more cuts in wellfare and so on...

http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/october-2011/index.html

Go there, and the 'Summary' document of key statistics shows a whopping 9.354 million people listed as economically inactive. This translates to a rate of 23.3%.

The same document also shows that there are 462,000 recorded vacancies, with 2.566 million people unemployed and the 9.354 million economically inactive. You can probably add some more who have not been recorded officially as well.

So yeah, it must be all those lazy scroungers who don't want to get a job, never mind that there aren't enough vacancies, eh?

Humorous to see Chris Grayling (the Unemployment Secretary!) blame the jobs crisis on the international financial crisis. So the debt is Labour's fault, and the labour market woes are the fault of the international financial situation? Right!

[Arm Cathartha na hÉireann]

There will be the biggest drop in living standards for 35 years aswell (cant post a link buts its on BBC news). Its incredible to think that this will only get worse as the public sector cuts have not really hit with the force they will do in the next few years. Grim times ahead indead.

[Leonid Brozhnev]

Humorous to see Chris Grayling (the Unemployment Secretary!) blame the jobs crisis on the international financial crisis. So the debt is Labour's fault, and the labour market woes are the fault of the international financial situation? Right!

The amount Cameron blames Labour for pretty much everything is sad and childish... even when half-arsedly tackling this issue in PMQ's he basically said 'Blah, people leave school too early, blah blah, 13 years of Labour government, blah blah blah'. His political rhetoric is uncannily predictable.

[Arm Cathartha na hÉireann]

The amount Cameron blames Labour for pretty much everything is sad and childish... even when half-arsedly tackling this issue in PMQ's he basically said 'Blah, people leave school too early, blah blah, 13 years of Labour government, blah blah blah'. His political rhetoric is uncannily predictable.

The public are pretty sick of it, yet they continue to do it. Whenever they mention "we were left with the largests deficeit my the previous labour governemnt..." are aways meet with boos or jeers by the public on Question time etc. The reality is the opposition to their policies and is so weak from "Labour" they can get away with it.

[Die Neue Zeit]

Well, the Blairite government wasn't exactly innocent on either count.

[Vladimir Innit Lenin]

To be honest there is some (or a lot!) of truth to blaming Labour for the state of the national debt, but it was more that Labour was operating as part of an agreed global framework with other countries, and the Tories would have done exactly the same.

There is also the issue that due to the financial crash and the resulting recession, national debt as a percentage of GDP rose significantly because the numerator was heavily (artificially, you could say) increased by the bailing out of the banks, and the denominator (GDP) obviously fell in recession time.

It's not really as simple as either Labour or the Tories have said.

[Per Levy]

thanks for the link thats pretty shoking to be honest, but what exactly does "economically inactive" mean? are people labeled as this unemployed and just dont count as being unemployed? or is it something else?

[Le Socialiste]

Can somebody explain to me what "economically inactive" means? I'm not sure I understand that part...

We're seeing similar increases here in America as well, with "official" unemployment and poverty numbers being the highest they've been in roughly 20 years. So long as the public doesn't pose a threat to the ruling elite's intentions the latter will continue their assault on the means and livelihoods of the working-class.

[Ose]

I'm guessing that 'economically inactive' means not just those normally defined as unemployed, but also those in education, the retired, the very rich who do nowt, and those who are unable to work. Essentially a meaningless statistic.