Embed Size (px)
Citation preview
Unemployment in Charts
Exploring links between the economic cycle and the labour marketGDP Growth and Jobs for the UK Economy
Source: Reuters EcoWin
00 01 02 03 04 05 06 07 08 09 10 11
milli
ons
27.25
27.75
28.25
28.75
29.25
29.75
Per
son
(milli
ons)
27.2527.7528.2528.7529.2529.75
Employment, All aged 16 and over
-8-6-4-20246
Per
cent
-8
-5
-2
1
4
Annual growth of real GDP (%)
3
5
7
9
11P
erce
nt
3
5
7
9
11 Unemployment rate (%, LFS measure)
Unemployed people aged 16-59 (women) / 64 (men), seasonally adjustedUnemployment in the UK Economy
Source: Labour Force Statistics
70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 120
1
2
3
4
5
6
7
8
9
10
11
12
13
per c
ent o
f the
labo
ur fo
rce
0
1
2
3
4
5
6
7
8
9
10
11
12
13
Claimant Count
Labour Force Survey
Net % balance of people expecting higher unemployment in the next yearUnemployment Expectations
Source: Reuters EcoWin
00 01 02 03 04 05 06 07 08 09 10 110
10
20
30
40
50
60
70
80
Bal
ance
0
10
20
30
40
50
60
70
80
Millions, seasonally adjusted, using Labour Force Survey dataUK Unemployment, By Duration
Source: Reuters EcoWin
03 04 05 06 07 08 09 10 11
milli
ons
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
Per
sons
(milli
ons)
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
Unemployed for up to six months
Unemployed for over 12 months
Unemployed for over 24 months
Three month average, seasonally adjustedUnfilled Vacancies in the UK Labour Market
Source: Reuters EcoWin
01 02 03 04 05 06 07 08 09 10 11
400000
450000
500000
550000
600000
650000
700000
Num
ber o
f
400000
450000
500000
550000
600000
650000
700000
Monthly totalRedundancies in the UK Economy
Source: Reuters EcoWin
04 05 06 07 08 09 10 11
100000
125000
150000
175000
200000
225000
250000
275000
300000
325000
redu
ndan
cies
100000
125000
150000
175000
200000
225000
250000
275000
300000
325000
Annual percentage change in consumer prices, unemployment rate (%)UK Unemployment and Consumer Price Inflation
Source: Reuters EcoWin
89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11
-2
-1
0
1
2
3
4
5
6
7
8
9
10
Per
cent
-2
-1
0
1
2
3
4
5
6
7
8
9
10
Unemployment
Inflation
Percentage of the labour force, seasonally adjusted; 2011 forecast is from the OECDEuro Zone and UK Unemployment
Source: Reuters EcoWin
91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12
4
5
6
7
8
9
10
11
4
5
6
7
8
9
10
11Euro Zone average
UK unemployment rate
Annual % growth of real GDP Unemployment (% of labour force)Source: Reuters EcoWin
Per
cent
Greece: Deep recession creates mass unemployment
Real GDP, precentage change from previous period, Constant Prices Unemployment rateSource: Reuters EcoWin
00 01 02 03 04 05 06 07 08 09 10 11 12
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Per
cent
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Per cent
Source: Reuters EcoWin
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12
-8.0
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Per
cent
-8.0
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Real GDP growth (%)
Unemployment rate (%)
East WestSource: Reuters EcoWin
Per
cent
UKGermany
SpainPoland
Ireland
Source: Reuters EcoWin
Per
cent
Overall level, number of people out of work, millions, seasonally adjusted
Source: Reuters EcoWin
00 01 02 03 04 05 06 07 08 09 10 11
milli
ons
56789
10111213141516
Per
son
(milli
ons)
56789
10111213141516
Unemployment (millions, seasonally adjusted)
thou
sand
billi
ons
11.0011.2511.5011.7512.0012.2512.5012.7513.0013.2513.50
US
D (t
hous
and
billio
ns)
11.0011.2511.5011.7512.0012.2512.5012.7513.0013.2513.50
Real National Output
Join our Facebook Fan Page
Revision Workshops
