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Wednesday, 13 April 2011

Unemployment rate shows improvement

The number of unemployed stands at 7.8%. Although the figures are not as bad as many predicted at the height of the credit crunch in 2008 we are still not out of the woods. The rate shows a 0.1% improvement on the 3 month period June to September.


Unfortunately, there is no doubt that there have been some public sector jobs lost although most of these have been voluntary redundancies.  When compulsory redundancies start we may see unemployment rise. Wage growth has also slowed to 2.0% and with inflation still high this may result in a drag on the economy

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