Unemployment falls again in UK and stays low in Wokingham

363 people are out of work in Wokingham, or 0.7%. That includes 60 people under the age of 24. I wish them success in finding work , at a time of continuing jobs growth generally.

Nationwide unemployment fell last month to 4.9%, down from 7.9% in 2010. Employment hit a new high of 31.7 million or  74.4%.

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  1. Antisthenes
    Posted July 20, 2016 at 3:40 pm | Permalink

    It may not be quite as rosy next year as Brexit has made some large companies nervous so that capital spending by them will be less until they are certain what the future holds. The sooner the Brexit plan is known the better. So David Davies and co had better get on with it pdq and he has to make it look good to restore confidence.

  2. Jack
    Posted July 20, 2016 at 8:32 pm | Permalink

    Most job growth is self-employment. We could employ all of those 363 Wokingham residents, along with every British citizen, in either the public realm with a Job Guarantee program, or in the private sector via a larger government budget deficit.

    All that’s stopping us is a misunderstanding of our monetary system, and just how radical the change from fixed exchange rates (where governments cannot sustain permanent full employment economies) to free floating exchange rates (where they can) really was.

    • Antisthenes
      Posted July 22, 2016 at 7:10 am | Permalink

      That has been tried by left wing governments many times and failed miserably.

      • Jack
        Posted July 23, 2016 at 1:09 am | Permalink

        You really have to be more specific than that. What governments are you referring to? Because I will able to respond better then.

        But most failures are either because of fixed exchange rates, submission to IMF austerity, or the central bank raising interest rates (which worsens inflation, despite conventional wisdom which says it reduces inflation).

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    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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