Per CSO release today, standardised unemployment rate is now at 11.9% in June (as compared to 10.2% as measured in Q1 2009 by QNHS) as the seasonally adjusted Live Register increased from 402,100 in May to 413,500 in June, an increase of 11,400. In the year to June 2009, there was an unadjusted increase of 197,781 (+89.6%). This compares with an unadjusted increase of 195,115 (+96.7%) in the year to May 2009.
Unadjusted change in LR for males between May and June was +10,302, for Females +11,419 so we are now seeing female unemployment moving ahead (in rates of growth). This shift was evident in both under 25 year olds and 25+ years of age categories. The new risk to household solvency now comes from second earners starting to lose jobs at a faster pace.
When looking at weekly changes, chart below shows clearly the renewed pressure on employment. Clearly no 'green shoots' here.
Unadjusted change in LR for males between May and June was +10,302, for Females +11,419 so we are now seeing female unemployment moving ahead (in rates of growth). This shift was evident in both under 25 year olds and 25+ years of age categories. The new risk to household solvency now comes from second earners starting to lose jobs at a faster pace.
When looking at weekly changes, chart below shows clearly the renewed pressure on employment. Clearly no 'green shoots' here.
