My Drum piece from yesterday looked at banking costs.
The latest unemployment figures came out today. I’m a bit flat out editing my book at the moment, so I’ll just fling a few graphs at you.
The seasonal rate dropped from 5.2% to 5.1% (or if you want to get really anal, from 5.2256864% to 5.0854746% a drop of 0.1402118% – though that is all a bit meaningless). The trend rate stayed flat at 5.2%
The actual employment number did rise:
“Employment increased 46,300 (0.4%) to 11,463,900. Full-time employment increased 12,300 persons to 8,063,100 and part-time employment increased 34,000 persons to 3,400,800.”
But a comparison of the trend and seasonal counts of employment are interesting:
The trend is flat (and has been for a while). The seasonal rate is jumping around a fair bit, but the Government (and everyone else who likes working) will be hoping this past months big seasonal boost keeps going.
One rarely looked at figure is the rate of employment as a percentage of the population. The trend measure of this shows that not all is rosy:
There has been a dip in the past 6 months reflected by the decline in the Participation Rate
So all in all, not boom time figures, but certainly not lousy, either.