In the past quarter, between March and May, the number of UK people out of work has fallen by 65,000 to 2.58m. The ONS says “the overall unemployment rate is now 8.1%, dropped 0.1% than the previous quarter” and though there are still over a million people aged 16 to 24 unemployed, youth unemployment also fell by 10,000.
The number of people in employment rose by 181,000 to 29.35m, the highest for almost four years.
Chris Grayling, Employment Minister MP, said: “This is an encouraging set of figures in what is still an incredibly difficult economic climate.”
I got a letter the other day. To clarify this: I don’t own a company and I’m not an employer. But for a few years I was a sole trader using a business name/website, and I still sporadically get advertising calls/letters for that business name. Mailing lists never die.
The Youth Contract – Supporting local businesses in Edinburgh
The letter was from Ingeus, who are doing their bit for the UK economy by taking fees from the government for “helping people out of unemployment”. Ingeus in the UK is now 50% owned by Deloitte, one of the “big four” accountancy firms who helpfully lend staff and donate consultancy work to government departments.
But it was founded by Therese Rein, one of the richest people in Australia, married to Kevin Rudd, Australia’s former Prime Minister. Continue reading