As the maxim says, “Whether you think you can, or you can’t, you’re right.”
UK: Long term unemployed figures highest since 1997
Just released data from the Office for National Statistics shows that the number of long-term unemployed, defined as those without work for more than a year, jumped by 37 000 in the final quarter of 2009 to 663 000. The unemployed total fell by 3000 to 2.46 million, with the rate remaining unchanged at 7.8%.
Unemployment in the 18-24 year old age group fell by 13 000 to 725 000 in the same period, while that for women increased by 18 000 to reach 959 000. Overall, the total number of employed fell by 12 000 to just under 29 million – this consisted of the loss of 37 000 full time jobs and the creation of 25 000 part-time ones.