UK unemployment rose by 114,000 between June and August to 2.57 million, a 17-year high, according to official figures.
The Office for National Statistics (ONS) said the unemployment rate also increased to 8.1%.
The unemployment total for 16-24 year olds hit a record high of 991,000 in the quarter, a jobless rate of 21.3%.
This is clearly Obama’s fault.
At the last count it was 380,000 part-time jobs. That have been created since the Coalition came to power. So how many of these 10,000 new jobs. Have become part of the new army of part-time workers. Its not part-time, short-time, low paid jobs we need to get the economy out of the bind its in. I also note the more worrying trend. Where those claiming JSA increased again this month, with the count increasing by 19,900 in July, a rise of 4.8%. That’s 19,000 more people become dependant on the state for their income and no longer pay their taxes. So until we know how many of the newly employed have entered the full-time well paid quality jobs which will allow them to take [url=http://britainloans.co.uk/][b]UK payday loans[/b][/url] in monetary emergencies, we need to help get the economy moving in the right direction. I wouldn’t be in rush to blow any trumpets at this news. All the economic data points to stagnation – you would think that the Tory views of a small rise of employed, forgetting that the figures are always adjusted, is heralding a boom. House prices are falling even in London now – they have been falling out of London for the last year. Inflation – at it’s highest for a long time. Oil – at it’s highest for a long time Unemployment – very high. Consumer confidence – very low. 30% of consumers say they have no money. Manufacturing confidence and production – dropping. Quantitive Easing 3 being talked about. Banks still not lending enough. And Salaries are being downbanded by 5%+ in several council areas as well as private companies. So – some reality, please. It is a stagnation and with Q2 GDP growth figures at just 0.2%, and likely to be reduced further – there is a probability that we will go back into recession before Christmas.