The UK Economy - Unemployment

What will happen next to unemployment in the UK? Unemployment started rising from January 2008 during the previous recession and has plateaued at just under 8% of the working population. Will the economy grow sufficiently strongly to allow unemployment to start falling, or will the impending public sector spending cuts mean that unemployment starts to rise again during 2011. The chart below will update automagically once the monthly unemployment statistics are published by the ONS, so bookmark this blog entry if you would like to point students to the latest data and trends in UK unemployment.

Here is the chart which shows the UK unemployment rate (% of working population out of work):

Data from Timetric.

To view this graph, please install Adobe Flash Player.

United Kingdom from Timetric