Menu Click to open Menus
TRENDING
Home » News » North-East remains United Kingdom unemployment hotspot as jobless numbers rise

North-East remains United Kingdom unemployment hotspot as jobless numbers rise

Published by | No comment

GETTYUnemployment surged reveal the most recent figures

The data indicates that United Kingdom unemployment rose by 21,000 to 1.7 million in that period.

The unemployment rate remained at 5.1%, which is still down on the same time a year ago, when it was 5.6%.

The number of women in work has plunged by a shock 40,000 over the three months to February.

The figures for December to February showed that overall employment increased by 20,000 in the latest quarter to 31.4 million – the smallest rise for nearly a year.

It is the first time the jobless total has increased since August 2015.

The measure of wages excluding bonuses remained at 2.2 per cent.

For Wyre Forest, which includes Kidderminster, the claimant total also fell by 15 to 740 (1.3 per cent).

He said: “These are excellent employment figures for Wales with the highest level in employment since records began and an unemployment rate lower than the United Kingdom average”.

“The wage growth numbers emphasise that there is very little inflationary pressure coming from the labour market”, said Ben Brettell, senior economist at Hargreaves Lansdown.

Unemployment rate data is an important indicator of the state of economy.

Jeremy Cook, chief economist at the worldwide payments company World First, said: “The first quarter of 2016 has seen structured economic data become a depressant and it is likely that Q1 (first quarter) was the weakest in growth terms since 2013 with expectations that businesses and consumers may suspend spending and investment decisions through Q2 as the referendum vote closes in”. Wage growth in the private sector slowed to 0.9pc on the month, and to 1.9pc in the three months through February.

Work and Pensions Secretary Stephen Crabb linked bad unemployment figures to fears about the United Kingdom leaving the European Union, speaking to the BBC’s Victoria Derbyshire show on Wednesday morning.

Sandwell saw the highest increase of 185 claiming Jobseeker’s Allowance or Universal Credit to 6,905 – 3.5 per cent of the working population.

NanoNews.org

No comment for North-East remains United Kingdom unemployment hotspot as jobless numbers rise

Leave a Reply

Your email address will not be published. Required fields are marked *