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Unemployment rate falls again

15 August 2012

It seems that the number of people out of work has fallen again to 2.58m, a fall of 46,000, and the unemployment rate has dropped from 8.2% to 8.0%.  This is still high by historical standards and the number of part time workers has risen to an all time high of 8m.  Although it has been reported that 1.4m part time workers want full time jobs. However as a percentage of the total workforce this  is not an extremely high figure.  The rise of part time working has certainly helped prevent the recession being as bad as that seen in the early 90s but we are not out of the woods for sure.

It remains to be seen how this backs up arguments that the statistics on GDP are inaccurate.

The insolvency figures will still make interesting reading as a reflection of the health of UK plc. The latest figures have shown there has been an 18.7% year on year fall for compulsory liquidations from the second quarter of 2012 compared with the same period in 2011.

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