September 11, 2013
BBC Business News
http://www.bbc.co.uk/news/business-24045546
Summary: In the past months from May to July, the rate of unemployment in the UK has dropped to 7.8% between from
7.7%. The number of people unemployed fell to 2.487 million, which is an increase of 24,000 jobs compared to last month. The official figures also show that the number
of people claiming Jobseeker's Allowance fell 32,600 to 1.402 million, its
lowest level since February 2009. However, the number of people working part-time because they cannot find a
full-time job rose to 1.45 million, the highest since records began in 1992 and
double the number of five years ago.
Almost 33% of the men working part-time were part-time because they could obviously not
find full-time employment. The part time employment figure for women was 13.5%. Mr. Carney, who is the governor of the Bank of England, said he expected the unemployment rate to fall to 7% within the next three years. The rates are at a steady decline similar to that of the United States' rates.
Opinion: (Jobseeker Allowance was mentioned above and if you are unsure what that is, it is basically a payment of 56.80 Pounds that is given to someone over 18 that is looking for a job.) The unemployment rates in the United Kingdom are not that much different from that of the United States. If you were to travel to the northeast part of England, you would notice that they have high rates of unemployment about 10.4% just like certain cities in America, while the southeast have the lowest rates at 5.8%. While the United States has a slightly lower rate of about 7.3%, it is easy to say that compared to England, the US isn't all that different as far as job unemployment goes.
At first I thought this was a good thing, but all it really means is that people have stopped looking for work so they're no longer considered unemployed. So now more people will probably register for welfare.
ReplyDeleteI agree with Jake. Since people don't have a full-time job, they would be in need of welfare. Obama is trying to end welfare work requirements. People are being discouraging to find a job. They can just sit and wait to receive welfare.
ReplyDeletePeople could have stopped looking for jobs and are going to obtain a higher education. A drop in unemployment does not simply mean that the people have stopped looking for jobs altogether.
ReplyDelete