Unemployment Up To New Record

The latest labour market survey from the Office for National Statistics shows that the unemployment rate the number of unemployed and the claimant count have all risen. The rate has gone up to 7.8%, the numer of unemployed to 2.43 million and the claimant count to 1.58 million. The rate of economic inactivity has gone up to 21%, the number of economically inactive people to June was 7.95 million, 3.27 million of them were men and 4.69 million of them women.

The number of vacancies has gone down by 26,000 to 427,000 to July which means 1.6 vacancies for every 100 employee jobs. There were 277,000 redundancies in the three months to June.