Better and better in Great Britain.

Unemployment in Great Britain is decreasing. Now is 7.8 percent. In the fourth quarter of 2009 unemployed persons was 2.45 million, about 33 thousand less than in the third quarter. But the problem is structural unemployment – people without work for over a year at that time was about 61 thousand more. (687 thousand).
Somewhat easier on labour market had youth – in the range of 18-24 years, unemployment has fallen by 34 thousand. to 715 thousand. However, greater difficulties in finding employment have people with more than 50 years – unemployment in this group was 398 thousand (increase of 14 thousand). Analysts say that workers in Great Britain now accept lower wages and other impediments just to keep a job. As a result, 28.86 million people have a job. Simultaneous decline in unemployment and employment are the result of a decrease in the group of economically active people to 149 thousand. (among other things because of the increase in the number of students about 98 thousand).
The biggest rise of unemployment were recorded in Scotland (about 16 thousand) Wales (9 thousand), the largest decline – traditionally in London (about 20 thousand) and Northern Ireland (2 thousand).
British analysts warn that support for the labour market must be continued and evoke the example of the previous recession in the 80s and 90 XXth century. Unemployment rose for a long time after resolution of the crisis.

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4 thoughts on “Better and better in Great Britain.

  1. This article shows facts about unemployment problems in Great Britain, but actually it’s more or less the same in other EU countries. For example, talking about youth unemployment – the increase is huge, but it’s the same all over the Europe. Mostly because of the crisis, employers choose to hire employees who have bigger experience. The same problem for old people, but here the difference is not so big.
    P.s. – The most surprising fact for me was that there are 2.45 million unemployed people in Great Britain while in my country there are just 2.27 million together 🙂

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  2. I have to agree with Aija on statement that the unemployment problems has touched more or less all of the Europian countries.
    But the interesting facctor is that there is not always the situation that employer choose to hire people with a impressive CV, because usually these people pretend on good payment and during the crisis many employers are forced to hire less qualified workforce to reduce costs and increase profit.

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  3. From the analysis on the British labout market it becomes apparent that the economy is improving as unemployment is decreaing. This translates in higher GDP and higher standard fo living for the nation. However there are significant differences in the employment rates between the various demographic groups. The youth seems to more desirable in the labour market than the over 50’s. Moreover, even though the unemployment rates are decreasing, the levels of pay and benefits is lower than in prior years. From a public sector perspective higher employment, even at lower pay, is positive as this increases the tax revenue for the state.

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  4. I think also that there are unemployment problems everywhere in EU countries, not just in Great Britain. Especially youth unemployment is remarkable almost in every EU country and that is serious problem, because then youth cannot start their working life and that cause for example social exclusions and getting gob comes all the time more and more difficult.

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