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UK unemployment falls to 2.59m

The number of people out of work fell by 7,000 to 2.59 million in the three months to July, compared with the previous three month period, according to figures from the Office for National Statistics.

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The unemployment rate was 8.1 per cent of the economically active population, down 0.1 on the quarter.

The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.5 on the quarter. There were 29.56 million people in employment aged 16 and over, up 236,000 on the quarter.

The inactivity rate for those aged from 16 to 64 was 22.4 per cent, down 0.5 on the quarter. There were 9.01 million people out of work aged from 16 to 64, a fall of 181,000 on the quarter.


OECD cuts its growth forecasts for UK and US

The Organisation for Economic Co-operation & Development has cut its growth forecast for the UK and expects the economy to shrink by 0.7 per cent during 2012. The OECD predicts that the UK will contract by 0.7 per cent in the third quarter before returning to growth of 0.2 per cent in the fourth quarter […]

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]


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