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Unemploymentย 
  inย Chartsย 
GDP Growth and Jobs for the UK Economy
                                                     Exploring links between the economic cycle and the labour market
                               11                                                                                                      11
                                    Unemployment rate (%, LFS measure)
                                9                                                                                                        9
                    Percent




                                7                                                                                                        7
                                5                                                                                                        5
                                3                                                                                                        3

                                                                                                                                        6
                                4                                                                                                       4
                                                                                                                                        2
                                1
                     Percent




                                                                                                                                        0
                                    Annual growth of real GDP (%)
                               -2                                                                                                      -2
                                                                                                                                       -4
                               -5
                                                                                                                                       -6
                               -8                                                                                                      -8

                    29.75                                                                                                              29.75
                                    Employment, All aged 16 and over
Person (millions)




                    29.25                                                                                                              29.25




                                                                                                                                               millions
                    28.75                                                                                                              28.75
                    28.25                                                                                                              28.25
                    27.75                                                                                                              27.75
                    27.25                                                                                                              27.25
                                     00      01      02       03       04       05       06       07       08       09   10     11

                                                                                                                          Source: Reuters EcoWin
Unemployment in the UK Economy
                                                      Unemployed people aged 16-59 (women) / 64 (men), seasonally adjusted
                               13                                                                                                                   13

                               12                                                                                                                   12

                               11                                                                                                                   11

                               10                                                                                                                   10

                                9                                                                                                                     9
per cent of the labour force




                                8                                                                            Labour Force Survey                      8

                                7                                                                                                                     7

                                6                                                                                                                     6

                                5                                                                                                                     5

                                4                                                                                  Claimant Count                     4

                                3                                                                                                                     3

                                2                                                                                                                     2

                                1                                                                                                                     1

                                0                                                                                                                     0
                                 70   72   74   76   78   80   82   84   86   88   90   92   94    96   98    00   02   04   06    08    10    12

                                                                                                                        Source: Labour Force Statistics
Unemployment Expectations
                         Net % balance of people expecting higher unemployment in the next year
          80                                                                                                         80


          70                                                                                                         70


          60                                                                                                         60


          50                                                                                                         50
Balance




          40                                                                                                         40


          30                                                                                                         30


          20                                                                                                         20


          10                                                                                                         10


           0                                                                                                           0
               00   01   02       03        04       05        06        07       08        09    10         11

                                                                                                  Source: Reuters EcoWin
UK Unemployment, By Duration
                                                Millions, seasonally adjusted, using Labour Force Survey data
                     1.6                                                                                                             1.6


                     1.4                                                                                                             1.4


                     1.2                                                                                                             1.2
                           Unemployed for up to six months
                     1.0                                                                                                             1.0
Persons (millions)




                                                                                                                                           millions
                     0.8                                                                                                             0.8


                     0.6 Unemployed for over 12 months                                                                               0.6


                     0.4                                                                                                             0.4


                     0.2                                                                                                             0.2

                             Unemployed for over 24 months
                     0.0                                                                                                             0.0
                             03          04         05           06           07           08           09      10          11

                                                                                                                     Source: Reuters EcoWin
Unfilled Vacancies in the UK Labour Market
                                       Three month average, seasonally adjusted
            700000                                                                                        700000




            650000                                                                                        650000




            600000                                                                                        600000
Number of




            550000                                                                                        550000




            500000                                                                                        500000




            450000                                                                                        450000




            400000                                                                                        400000
                     01   02    03    04       05        06        07        08   09   10         11

                                                                                            Source: Reuters EcoWin
Redundancies in the UK Economy
                                            Monthly total
               325000                                                                    325000


               300000                                                                    300000


               275000                                                                    275000


               250000                                                                    250000
redundancies




               225000                                                                    225000


               200000                                                                    200000


               175000                                                                    175000


               150000                                                                    150000


               125000                                                                    125000


               100000                                                                    100000
                        04   05      06       07            08   09   10         11

                                                                           Source: Reuters EcoWin
UK Unemployment and Consumer Price Inflation
                                  Annual percentage change in consumer prices, unemployment rate (%)
          10                                                                                                                10

           9                                                                                                                  9

           8                                                                                                                  8

           7                                                                                                                  7

           6                                                                                                                  6

           5                                                                                                                  5
Percent




           4                                                                                                                  4
                                                                        Unemployment
           3                                                                                                                  3

           2                                                            Inflation                                             2

           1                                                                                                                  1

           0                                                                                                                  0

          -1                                                                                                                 -1

          -2                                                                                                                 -2
               89   90 91   92   93   94   95   96 97   98   99   00   01   02 03   04   05 06    07   08 09    10    11

                                                                                                         Source: Reuters EcoWin
Euro Zone and UK Unemployment
                    Percentage of the labour force, seasonally adjusted; 2011 forecast is from the OECD
11                                                                                                                           11
                                        Euro Zone average

10                                                                                                                           10



 9                                                                                                                             9



 8                                                                                                                             8



 7                                   UK unemployment rate                                                                      7



 6                                                                                                                             6



 5                                                                                                                             5



 4                                                                                                                             4
     91   92   93   94   95   96   97    98   99   00   01    02   03   04    05   06    07   08   09     10    11    12

                                                                                                          Source: Reuters EcoWin
Percent




          Annual % growth of real GDP   Unemployment (% of labour force)
                                                                           Source: Reuters EcoWin
Greece: Deep recession creates mass unemployment
          18.0                                                                                                        18.0

          16.0                                                                                                        16.0

          14.0                                                                                                        14.0

          12.0                                                                                                        12.0

          10.0                                                                                                        10.0

           8.0                                                                                                         8.0
Percent




           6.0                                                                                                         6.0

           4.0                                                                                                         4.0

           2.0                                                                                                         2.0

           0.0                                                                                                         0.0

          -2.0                                                                                                         -2.0

          -4.0                                                                                                         -4.0

          -6.0                                                                                                         -6.0
                 00     01      02       03      04       05      06       07         08   09    10      11     12

                  Real GDP, precentage change from previous period, Constant Prices        Unemployment rate
                                                                                                    Source: Reuters EcoWin
Per cent
          12.0                                                                                                     12.0

          10.0                                                                                                     10.0

           8.0                                                                                                      8.0
                 Unemployment rate (%)
           6.0                                                                                                      6.0

           4.0 Real GDP growth (%)                                                                                  4.0
Percent




           2.0                                                                                                      2.0

           0.0                                                                                                      0.0

          -2.0                                                                                                      -2.0

          -4.0                                                                                                      -4.0

          -6.0                                                                                                      -6.0

          -8.0                                                                                                      -8.0
                 95   96   97   98       99   00   01   02   03   04    05   06   07   08   09   10    11   12

                                                                                                 Source: Reuters EcoWin
Percent




          East   West
                        Source: Reuters EcoWin
Percent




          UK        Spain    Ireland
          Germany   Poland
                                       Source: Reuters EcoWin
Overall level, number of people out of work, millions, seasonally adjusted
                          13.50                                                                                                                     13.50
                          13.25                         Real National Output                                                                        13.25
USD (thousand billions)




                          13.00                                                                                                                     13.00




                                                                                                                                                                    thousand billions
                          12.75                                                                                                                     12.75
                          12.50                                                                                                                     12.50
                          12.25                                                                                                                     12.25
                          12.00                                                                                                                     12.00
                          11.75                                                                                                                     11.75
                          11.50                                                                                                                     11.50
                          11.25                                                                                                                     11.25
                          11.00                                                                                                                     11.00

                                              16                                                                                                    16
                                              15                                                                                                    15
                                              14            Unemployment (millions, seasonally adjusted)                                            14
                          Person (millions)




                                              13                                                                                                    13
                                              12                                                                                                    12




                                                                                                                                                         millions
                                              11                                                                                                    11
                                              10                                                                                                    10
                                               9                                                                                                     9
                                               8                                                                                                     8
                                               7                                                                                                     7
                                               6                                                                                                     6
                                               5                                                                                                     5
                                                   00       01       02        03      04       05         06   07   08      09      10      11

                                                                                                                                     Source: Reuters EcoWin
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Unemployment Charts November 2011

  • 2. GDP Growth and Jobs for the UK Economy Exploring links between the economic cycle and the labour market 11 11 Unemployment rate (%, LFS measure) 9 9 Percent 7 7 5 5 3 3 6 4 4 2 1 Percent 0 Annual growth of real GDP (%) -2 -2 -4 -5 -6 -8 -8 29.75 29.75 Employment, All aged 16 and over Person (millions) 29.25 29.25 millions 28.75 28.75 28.25 28.25 27.75 27.75 27.25 27.25 00 01 02 03 04 05 06 07 08 09 10 11 Source: Reuters EcoWin
  • 3. Unemployment in the UK Economy Unemployed people aged 16-59 (women) / 64 (men), seasonally adjusted 13 13 12 12 11 11 10 10 9 9 per cent of the labour force 8 Labour Force Survey 8 7 7 6 6 5 5 4 Claimant Count 4 3 3 2 2 1 1 0 0 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 Source: Labour Force Statistics
  • 4. Unemployment Expectations Net % balance of people expecting higher unemployment in the next year 80 80 70 70 60 60 50 50 Balance 40 40 30 30 20 20 10 10 0 0 00 01 02 03 04 05 06 07 08 09 10 11 Source: Reuters EcoWin
  • 5. UK Unemployment, By Duration Millions, seasonally adjusted, using Labour Force Survey data 1.6 1.6 1.4 1.4 1.2 1.2 Unemployed for up to six months 1.0 1.0 Persons (millions) millions 0.8 0.8 0.6 Unemployed for over 12 months 0.6 0.4 0.4 0.2 0.2 Unemployed for over 24 months 0.0 0.0 03 04 05 06 07 08 09 10 11 Source: Reuters EcoWin
  • 6. Unfilled Vacancies in the UK Labour Market Three month average, seasonally adjusted 700000 700000 650000 650000 600000 600000 Number of 550000 550000 500000 500000 450000 450000 400000 400000 01 02 03 04 05 06 07 08 09 10 11 Source: Reuters EcoWin
  • 7. Redundancies in the UK Economy Monthly total 325000 325000 300000 300000 275000 275000 250000 250000 redundancies 225000 225000 200000 200000 175000 175000 150000 150000 125000 125000 100000 100000 04 05 06 07 08 09 10 11 Source: Reuters EcoWin
  • 8. UK Unemployment and Consumer Price Inflation Annual percentage change in consumer prices, unemployment rate (%) 10 10 9 9 8 8 7 7 6 6 5 5 Percent 4 4 Unemployment 3 3 2 Inflation 2 1 1 0 0 -1 -1 -2 -2 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 Source: Reuters EcoWin
  • 9. Euro Zone and UK Unemployment Percentage of the labour force, seasonally adjusted; 2011 forecast is from the OECD 11 11 Euro Zone average 10 10 9 9 8 8 7 UK unemployment rate 7 6 6 5 5 4 4 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 Source: Reuters EcoWin
  • 10. Percent Annual % growth of real GDP Unemployment (% of labour force) Source: Reuters EcoWin
  • 11. Greece: Deep recession creates mass unemployment 18.0 18.0 16.0 16.0 14.0 14.0 12.0 12.0 10.0 10.0 8.0 8.0 Percent 6.0 6.0 4.0 4.0 2.0 2.0 0.0 0.0 -2.0 -2.0 -4.0 -4.0 -6.0 -6.0 00 01 02 03 04 05 06 07 08 09 10 11 12 Real GDP, precentage change from previous period, Constant Prices Unemployment rate Source: Reuters EcoWin
  • 12. Per cent 12.0 12.0 10.0 10.0 8.0 8.0 Unemployment rate (%) 6.0 6.0 4.0 Real GDP growth (%) 4.0 Percent 2.0 2.0 0.0 0.0 -2.0 -2.0 -4.0 -4.0 -6.0 -6.0 -8.0 -8.0 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 Source: Reuters EcoWin
  • 13. Percent East West Source: Reuters EcoWin
  • 14. Percent UK Spain Ireland Germany Poland Source: Reuters EcoWin
  • 15. Overall level, number of people out of work, millions, seasonally adjusted 13.50 13.50 13.25 Real National Output 13.25 USD (thousand billions) 13.00 13.00 thousand billions 12.75 12.75 12.50 12.50 12.25 12.25 12.00 12.00 11.75 11.75 11.50 11.50 11.25 11.25 11.00 11.00 16 16 15 15 14 Unemployment (millions, seasonally adjusted) 14 Person (millions) 13 13 12 12 millions 11 11 10 10 9 9 8 8 7 7 6 6 5 5 00 01 02 03 04 05 06 07 08 09 10 11 Source: Reuters EcoWin