Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Independent UK: Europe stalked by spectre of mass unemployment

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-15-10 06:43 PM
Original message
Independent UK: Europe stalked by spectre of mass unemployment
The UK's fragile economic recovery was exposed yesterday by disappointing employment figures and an unexpected rise in the number of people claiming unemployment benefits.

The claimant count, which measures the number of people claiming jobseekers' allowance, increased by 2,300 in August, the first rise since December last year, according to figures released by the Office for National Statistics. The jump confounded City forecasts, which had pointed to further declines – and will alarm policy makers, coming as it does in the wake of this week's IMF warning that Europe risks becoming an employment "wasteland" in which joblessness threatens entire societies.

Overall, unemployment in the UK fell by 8,000 in the three months to July on the preferred International Labour Organisation (ILO) calculation. Joblessness in the UK now stands at 2.47 million, or 7.8 per cent.

But even the ILO data will do little to take the pressure off Chancellor George Osborne ahead of next month's Comprehensive Spending Review. Heavy spending cuts are certain to be announced, leading to the loss of thousands – probably tens of thousands – of public-sector jobs. ..............(more)

The complete piece is at: http://www.independent.co.uk/news/business/news/wasteland-europe-stalked-by-spectre-of-mass-unemployment-2080499.html





Printer Friendly | Permalink |  | Top
snagglepuss Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-15-10 06:50 PM
Response to Original message
1. Why are forecasters confounded? Where do they expect jobs to be created
when jobs across Europe,UK, and North America have been outsourced to 3rd world countries? I am genuinely curious what sectors they thought were going to create jobs.
Printer Friendly | Permalink |  | Top
 
seabeyond Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-15-10 06:52 PM
Response to Original message
2. nafta... we are all globally connected. no longer can one country do ok, without the rest. nt
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Dec 27th 2024, 02:35 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC