Wednesday, May 16, 2012

UK Unemployment Falls To 2.63 Million.....Shh! Let's Not Mention 8 Million in Part time Jobs, or people Moved OFF Unemployment onto Income Support

UK unemployment fell for the second consecutive month in the three months to March to reach 2.63 million, according to official figures.

The Office for National Statistics (ONS) said the number of people out of work fell by 45,000 between January and March, taking the joblessness rate to 8.2%.

It was the fastest fall in unemployment in nearly a year, beating forecasts for no change in the 8.3% rate between December and February.

The number of people claiming jobseeker's allowance also fell unexpectedly by 13,700 in April, to reach 1.59 million. It was the largest drop since July 2010.

The improvement comes despite the UK slipping back into recession in the first quarter of the year, stoking fears that more people would be unemployed at a time when the government is relying on private firms to make up for public sector job losses as part of its austerity plan.

Employment minister Chris Grayling told Sky News that the jobs situation was "moving in the right direction".

"This is clearly good news in the labour market but of course we are still living through difficult times and there are big issues to address, including the eurozone," he said.

With millions of people still out of work, unions said the Government's "gamble
with the economy has failed." Read More