M 07814 883380
Southend Business Woman of the Year
Essex County B2B Winner
Lantra Sector Skills Coach of the Year
News
News by Category
News by Month
- March 2021
- April 2020
- February 2019
- December 2015
- August 2015
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- September 2013
- August 2013
- April 2013
- March 2013
- February 2013
- October 2012
- September 2012
- August 2012
- May 2012
- April 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- October 2009
- September 2009
Latest figures show alarming rise in the number of people giving up the search for work
The latest unemployment figures reveal that almost 100,000 people gave up looking for work during the last three months of 2010, according to analysis by ippr.
The official figures show that employment fell by 68,000 and unemployment rose by 44,000 in the last quarter. But even more worrying is that the number of people classified as economically inactive - that is, neither in work nor looking for work - rose by 93,000. In the last two years, this number has gone up by 300,000 to reach 9.4 million.
The 93,000 rise includes 49,000 people choosing to retire early. The number of people economically inactive because of early retirement has now reached 1.57 million, the highest figure since comparable records began in 1993.
This increase, combined with increases in the number of younger people on inactive benefits, will make the deficit harder to reduce, because it means higher welfare bills and fewer people paying taxes.
Tony Dolphin, Senior Economist at ippr said:
'These latest figures shows that the employment landscape is looking so bleak that increasing numbers of people are giving up the search for work altogether.
While the vast majority of people who lose their job do manage to find a new one, people who give up looking for work are much less likely to ever re-enter the labour market. There is a real risk that we are going back to the recessions of 1980s and 1990s when hundreds of thousands of people retired early or went onto long term benefits because they saw no prospect of getting a job. During that period the numbers on incapacity benefits trebled - and we have lived with the consequences ever since.
As well as ruining individual lives, long-term worklessness blights communities and destroys the future prospects of young people. The government must use the welfare reform bill to outline ways in which more people can be kept in work or found work and the budget must include a bold strategy for growth and job creation.'