Thursday, October 14, 2010

More bad news for UK economy

Did not have any correction of a continuous flow of negative news on the economy of Britain. Number of people receiving unemployment benefits rose a second straight month to 5.3 thousand to 1.473 million level of beneficiaries remained unchanged 4.5% for the fourth month in a row. Separately. Calculated by the standards of the International Labour Organisation, the unemployment rate fell to 7.7% for the three months ending in August, when the number of unemployed falling to 20,000. Long-term unemployment is becoming an even bigger problem: the percentage of those who are unemployed for over a year rose from 24.7% a year earlier to 33.5% at the end of August. Job also become much smaller. The total number of hours worked grew by 1.9% per year, which was stimulated by growth of 3.3% of the number of hours worked by part-time employment.

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