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Unemployment rises to 2.62m

The number of unemployed people has risen by 129,000 in the three months to September to reach 2.62m, according to the Office for National Statistics.

The unemployment rate was 8.3 per cent of the economically active population, up 0.4 on the quarter, the unemployment rate is the highest since 1996 and the number of unemployed people is the highest since 1994. The employment rate for those aged from 16 to 64 was 70.2 per cent, down 0.4 on the quarter.

The inactivity rate for those aged from 16 to 64 was 23.3 per cent, up 0.1 on the quarter. There were 9.36 million economically inactive people aged from 16 to 64, up 64,000 on the quarter.

The jobless total for 16 to 24-year-olds hit a record high of 1.02 million in the quarter.

The number of people out of work and claiming benefits rose 5,300 to 1.6 million in October.


Sesame announces tie-up with wealth management software firm

Sesame has signed a strategic partnership with the UK arm of Australian wealth management software provider Iress. The deal, announced today at the Sesame Symposium by chief executive George Higginson, will see Sesame advisers use Iress’ front, middle and back office software programme Xplan. Higginson (pictured) said: “Xplan will be SBG’s advice delivery platform to […]

Bill Miller to hand over Value Trust in April

Bill Miller is to step down from running the Legg Mason Capital Management Value Trust and value equity strategies from April 30 next year. Sam Peters will takeover as sole manager of the LMCM value trust and value equity stragies, both of which are US-domiciled, as well as replace Miller as chief investment officer of […]


Clinging on to the cliff

At the time of writing, the news was that Greece will get a government of national unity. Mr Papand-reou’s political reign is coming to an end and we should see the new coalition ratify the second bail-out package. The Greeks have enough cash to see them though until mid-December, so they have a little time […]

Recording sickness absence cover - thumbnail

White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.


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