The UK saw a sharp rise in unemployment claims by 135,000 in July 2024, bringing the total to 1.801 million. This increase, reported by the Office for National Statistics, significantly surpasses the expected 14,500 rise and follows a revised increase of 36,200 in June. While the unemployment rate appears to have dropped to 4.2%, this figure is from June, making it outdated and potentially misleading given the latest surge in claims. Additionally, wage pressures have slightly eased, adding more complexity to the UK’s labor market outlook.
99 sats \ 24 replies \ @Satosora 13 Aug
Sharp increase or just falsified numbers catching up with them?
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67 sats \ 17 replies \ @sangekrypto 13 Aug
As far as I know, the unemployment rate there is actually decreasing, not increasing.
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20 sats \ 15 replies \ @TomK OP 13 Aug
Maybe it's because of demografics?
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47 sats \ 0 replies \ @sangekrypto 13 Aug
This may happen, because the unemployment rate fell to 4.2%, and in the three months to June after the previous period it was recorded at 4.4%, meaning that this figure has reduced the decline ratio, meaning that it can be noted that the current conditions can be said to be conditions The economy there is starting to recover, and it is estimated that the number of unemployed will gradually decrease, albeit slowly.
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47 sats \ 13 replies \ @Satosora 13 Aug
You always talk about the UK.
How are Wales and Ireland doing?
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41 sats \ 12 replies \ @xz 13 Aug
Together with Scotland and Northern Ireland, Wales is part of the UK. They have a degree of parliamentary autonomy (Wales and Scotland) but essentially are not autonomous in any real sense of the word. Ireland (rep. of) is very much a completely separate state (which I feel is totally how it always should be) However, for better or worse, it is now part of the EU.
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21 sats \ 11 replies \ @Satosora 13 Aug
Scotland and Wales are UK.
Ireland is EU?
Which one is doing better?
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88 sats \ 10 replies \ @xz 13 Aug
Hmmm, difficult question. I've been to Ireland, Scotland and England recently. From my view, it's not so different in terms of the problems and the general outlook.
For Ireland and Scotland, places outside of the capital or largest cities, Dublin (ie) Edinburgh (scot) are generally still pleasant but sleepy, quaint, and until recently, low population density. Some argue this is still the case. Comparitively to somewhere like Bangladesh, it could be said to be true. But there's growing vitriol, and the way I see it, this is likely to increase as the previous ways of life begin to change with the change in demographics, and lack of infrastructure or vocational options for everyone.
Dublin and Edinburgh probably see much more international tourism, and home price valuations tend to keep wealthier property owners sweet. Similar to London, I guess, which to me seems largely unrecognizable socially and culturally.
Just steady but large increases in living costs, crime and restrictive policies in the larger cities, over time. Suburban and rural areas, less so, but noticibly so.
It's a toss up between the GBP and Euro and the policy decisions at the central banks fiscal policies, buraucracy in trade, restrictive social policies, which all are problems.
Maybe a Welsh and Scottish Pound backed my some Welsh and Scottish central banks might be a prudent move. I think there are many Welsh and Scots who see that independance wouldn't hurt, and I feel I understand.
Ireland seemed to have gained her autonomy and quickly lost it again.
Maybe the question is,
which currency do you see has the most life left?
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68 sats \ 6 replies \ @Bell_curve 13 Aug
I say let Scotland declare independence and they will join EU. Send all the immigrants to Scotland
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54 sats \ 2 replies \ @Satosora 13 Aug
The pound has been around for a long time.
But I do think bitcoin is the best bet.
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0 sats \ 0 replies \ @Satosora 13 Aug
Its decreasing?
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0 sats \ 3 replies \ @TomK OP 13 Aug
I think that's true, because politics usually builds up state jobs with state demand before elections and then usually lets them go again. This kind of manipulation is also happening in the USA right now
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77 sats \ 2 replies \ @sangekrypto 13 Aug
hello friend it seems like you are repeating these words, who are you answering for?
https://m.stacker.news/45567
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47 sats \ 0 replies \ @Satosora 13 Aug
Sometimes it glitches and has two.
It will be fixed soon.
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0 sats \ 0 replies \ @TomK OP 13 Aug
Oh, I will delete one. No idea what happened
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20 sats \ 1 reply \ @TomK OP 13 Aug
deleted by author
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47 sats \ 0 replies \ @Satosora 13 Aug
Yes, they try to make the numbers work in their favor.
Its before every big election or during times of crisis.
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68 sats \ 1 reply \ @gmd 13 Aug
Almost looks like a fat-fingered result... thats a big jump lol
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99 sats \ 0 replies \ @TomK OP 13 Aug
I couldn't believe it either at first glance...
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47 sats \ 0 replies \ @Octopus 13 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.