• The purpose of the the Economic Policy Centre (EPC) is to promote high quality research and debate across all areas of economics in a free democratic society.
    The EPC's vision is to close the gap between economic policy and knowledge. Ultimately it brings together economic opinion formers - in academia, business, the media and government - in new and innovative ways.

  • What’s going on with unemployment?

    June 16th, 2011

    Talk about confusing – the good news is emphasised by the Guardian; unemployment is down to 7.7%  or 2.43 million, the fastest decline in a decade. But the bad news is stressed by the  Daily Telegraph which leads on the number of people claiming Jobseeker’s Allowance showing the biggest rise for nearly 2 years, up by 19,600 in May.

    Not exactly what you’d expect. There’s always a lot more to unemployment than meets the eye. But here are two main points about the latest data;

    i) A new record in part-time workers – for many, that’s all they can get

    ii) Lone parents able to work with older children who previously claimed Income Support are now receiving Jobseeker’s Allowance. This change was introduced “. . . for most lone parents with (i) a youngest child aged 12 or over from 24 November 2008, (ii) a youngest child aged 10 or over from 26 October 2009, (iii) a youngest child aged 7 or over from 25 October 2010

    Read the actual ONS document here.