Latest Public Sector News

16.11.11

Unemployment continues to rise

Unemployment in the UK has risen to 2.62 million, the highest total since 1994, according to official statistics.

There were 1.02 million unemployed 16-24 year olds between July and September – an unemployment rate for that age group of 21.0%, more than double the national rate of 8.3%.

Ian Brinkley, director of The Work Foundation, said: “These are dreadful figures. The overall fall in employment of nearly 200,000 in a single quarter takes us back to the worst days of the recession. Employee jobs have fallen by over 300,000, offset by a rise of around 100,000 in self-employment.

“With little prospect of a revival of economic growth in the face of contracting domestic demand and a Europe-wide economic slowdown, further job losses and even higher unemployment in 2012 are unavoidable.

“As ever, it is the young who are feeling the worst effects as firms stop hiring,” he said, as the under-25s account for more than half of the fall in employment.

Brinkley continued: “These figures will only improve when investors, businesses, and consumers feel confident that an economic recovery is on the way. The Autumn Statement due on November 29 must set out a credible plan for growth, not just public austerity, if confidence is going to be restored.”

Tell us what you think – have your say below, or email us directly at opinion@publicsectorexecutive.com

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >

public sector focus

View all News

comment

Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >

interviews

Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >

the raven's daily blog

Northern Powerhouse Partner aims to connect the North once again

02/09/2019Northern Powerhouse Partner aims to connect the North once again

In February this year, official Northern Powerhouse Partner, Cognitive Publishing, delivered EvoNorth 2019.  The two day event was designed to amplify and highlight futur... more >
read more blog posts from 'the raven' >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >