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Unemployment rises following state job cuts

Government job cuts pushed UK unemployment up to 7.9 per cent over the three months to October, according to the Office for National Statistics.

The number of people employed in the public sector fell 33,000, the total number of net jobs lost in the period as a whole. The number of people employed in the private sector remained static.

Overall, unemployment rose by 0.1 percentage points.

Wage inflation was 2.2 per cent over the quarter on an annualised basis, up from 2.1 per cent over the three months to September.

Although the unemployment increase is low, the numbers may fuel concerns the government is cutting spending too quickly as it enacts its deficit reduction package.

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What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.

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Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. No big surprise

    What I do find amazing though is that this Government has done nothing to incentivise increased profit and jobs in the private sector. It all seems to be based on bleeding the poor taxpayer of more and more tax.

    Increasing the tax burden without giving real incentives to encourage more profit and jobs is like flushing the toilet while restricting the flow of water to replenish the amount flushed away.

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