Unemployment falls, again!

Job centre

In the last quarter of 2009, unemployment fell by 33,000 to 2.45 million, this is the 2nd or 3rd quarter it has done this (may be totally wrong on that point) and the number of people claiming Jobseeker’s Allowance fell by 32,300 to 1.59 million in February. Now this in itself is quite an achievement, in past recessions unemployment had always risen still after the economy has re-entered growth. Back in the autumn of 2008, during the dire banking crisis and the fiscal stimulus that followed an extra £5 billion was pumped into job centre plus, this has then resulted in 10,000 new jobs being found per DAY! Of course, one particular party opposed such measures to help ease the recession, no guesses who.

Obviously, we are not out of the woods yet, there is still a bit of pain left to endure, but never again will we endure unemployment at a staggering 3 million.

Max