Monthly Archives: October 2013

Stay in Liverpool, McVey urges young people.

As jobless figures rise on Merseyside, Minister says people can be part of Liverpool’s renaissance.

Stay in Liverpool and be part of the renaissance of a “maverick” city, new employment minister Esther McVey urged young people across Merseyside.

The Wirral West Conservative MP – one of the biggest winners in last week’s reshuffle – was confronted with unemployment figures showing the number of jobless aged 16-plus in the North West has jumped by 24,000, climbing to 294,000 for the three months to August.The overall unemployment rate has gone up from 7.8% to 8.6%.Ms McVey acknowledged the situation was “tough” but insisted that young people who are asking whether they should stay in the city could play a major role in its transformation.

Describing her own background running a business office providing space for start-up companies, she said: “I had a lot of graduates from Liverpool University come to work for me because they loved the city. So I would totally say, if you buy into that city and you love that city, because it is fantastic, do stay there and be a part of the renaissance.” The employment minister also acknowledged that these were not easy times for people who had been [...]

October 17th, 2013|Industry News|

UK jobless total falls to 2.49m

The number of unemployed in the UK fell by 18,000 in the June-August period to 2.49 million, official figures show.
The unemployment rate drops to 7.7% down from 7.8% the previous quarter.The figures, from the Office for National Statistics (ONS), also show the number of people claiming Jobseeker’s Allowance last month fell by 41,700 to 1.35 million.

The ONS also reports that average earnings rose by 0.7% in the year to August, 0.5% down on July. The unemployment rate has become a key economic indicator for the Bank of England which, under its recently appointed new governor, Mark Carney, is targeting the unemployment rate. It says it will not consider raising interest rates from their record low of 0.5% until it falls to 7%. The number of people in work, both full-time and part-time, reached a record high of 29.87 million in the quarter, up 155,000.

The ONS looks at demand for full-time work and whether part-time workers would rather work longer hours. Its figures showed that almost 1.5 million people were part-time because they could not find full-time jobs, the highest figure since records began in 1992. Job vacancies also rose by 6,600 in the period to 541,000, the highest [...]

October 16th, 2013|Latest News|