Wednesday, October 14, 2009

UK unemployment at 7.9%

According to the ONS, The UK unemployment level in the 3 months to August 09 was 2.47 million, up 88,000 on the previous 3 months and up 677,000 on the year.

Thus, the unemployment rate was 7.9% in the three months to Aug 09, up 0.3 over the previous 3 months and up 2.1 percentage points on the year.

In addition:

The employment rate for people of working age was 72.6% in the three months to August 2009, down 0.3 percentage points on the previous three months and down 1.8 percentage points on the year.

The total employment level was 28.95 million, down 45,000 on the previous three months and down 467,000 on the same period a year ago.

The number of workforce jobs in June 2009 was 31.00 million, down 163,000 on the quarter and down 664,000 over the year.

Comment: Compare the 31.00 workforce jobs with the 28.95 employment level.

Manufacturing base: further erosion

The number of manufacturing employee jobs in the three months to August 2009 was 2.63 million, down 223,000 over the year.

Comment: That means less and less UK manufacturing and related jobs (aka a Services economy).

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Nick

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