Latest Public Sector News

14.12.11

Unemployment reaches 2.64 million

UK unemployment has hit a 17-year high, with the total number of unemployed at 2.64 million over the three months to October, according to the Office for National Statistics (ONS).

The unemployment rate is now 8.3%, the highest since 1996. Youth unemployment is stuck above 1 million. The number of people jobseekers claiming unemployment benefits rose by 3,000 during this period, but is lower than the 14,900 that was forecast by economists.

Employment in the private sector rose by 5,000, whilst public sector cuts resulted in a loss of 67,000 jobs. Over the whole year, the private sector rose by 262,000 and employment in the public sector fell by 276,000.

Andrew Sissons, researcher at The Work Foundation, said: “The labour market is on a dangerous trajectory, as today’s numbers confirm that our private sector recovery has stalled. Businesses are suffering from an acute lack of confidence, which makes it very hard for them to create jobs. The Eurozone crisis also makes it impossible for companies to plan for the long term, while consumers at home appear to be cutting back their spending.

“Most worrying is the prospect of unemployment remaining high for years to come. The OBR’s forecast suggests that unemployment will not start to fall significantly until 2014, which means that whatever rate of unemployment we reach over the coming months is likely to persist for several years to come.

“Persistently high unemployment will worsen the already serious problem of long-term unemployment. 868,000 people have been out of work for 12 months or more, and this number is almost certain to rise. Almost half of people trapped in long-term unemployment are either under-24 or over-50, and these groups will find it especially hard to get back into work.”

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

The importance of openness after Grenfell

The importance of openness after Grenfell

Following the recent Grenfell Tower tragedy, Lord Porter, chairman of the LGA, argues that if the public are going to have faith in the safety testing process then everything must be out in the open more > more last word articles >

public sector focus

View all News

comment

Cities as places of opportunity

29/04/2019Cities as places of opportunity

Andrew Carter, chief executive of Centre for Cities, asks: if cities are pl... more >
Shaping healthy places with district councils

29/04/2019Shaping healthy places with district councils

District councils are achieving excellent outcomes by shifting health solut... 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

Empower your reader, choose print

07/05/2019Empower your reader, choose print

We are on a digital rollercoaster, swirling and twirling through a variety of different online advertising platforms – have we forgotten about traditional marketing plat... 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 >