Amidst the hazy economic turmoil, suddenly the no. of unemployed people has slightly dipped, showing a fair enough statistics in the previous three months from December, but the rate remains the same, i.e. 7.8 percent unemployment level.
Office for National Statistics depicts the number of unemployed people declined by a 3,000 over the quarter which reached around 2.46 million.
There is no change in the vitals of long term unemployed data, depicting the figure of 37000 over the quarter, which has crossed 663000 in the time period of past 12 months, which is the highest figure till sep 97’
The rate of unemployment for October to December 2009 is still a 7.8 per cent, which hasn’t changed from the previous quarter. Further adding figures to unemployment data base the rate for October to December 2009 unemployment was 72.4 per cent, down 0.1 on the quarter.
However the number of people claiming the Jobseeker’s Allowance, has increased by 23,500 between December 2009 and January 2010 which has crossed 1.64 million, which has been considered the highest figure since April 1997.
On one side it’s great to feel the punch of slithering unemployment levels, simultaneously the unemployment lacks the move out of recession, and thus the figures are still mounting. The improvement is a gesture towards the increased interest in the mortgage market as the present situation of employment has boosted the confidence levels of many.
Though many may has to struggle to clear their bills, including their mortgage repayments. The statistics from the Council of Mortgage Lenders showed that home repossession in 2009 has been the highest since 1995.