GDP

Economic Review – January 2012

  • GDP fell by 0.2 per cent between the third and fourth quarters of 2011
  • In the full year 2011, the economy grew by 0.9 per cent, less than half the 2.1 per cent growth seen in 2010

Gross Domestic Product Preliminary Estimate – Q4 2011

TUC view

  • If the OBR economic growth and ONS population growth forecasts are correct, GDP per capita is not set to return to its 2007 level of £23,744 per person until 2016, says the TUC.

Retail Sales – December 2011

Retail Sales – December 2011

  • Value of retail sales in December 2011 showed an increase of 6.2 per cent compared with December 2010
  • Sales volumes in December 2011 increased by 2.6 per cent compared to December 2010 and prices in store were estimated to have increased by 2.4 per cent.
  • Value of retail sales in December 2011 showed an increase of 0.8% compared with the previous month
  • Sales volumes in December 2011 increased by 0.6% compared with the previous month

Families and households

Families and households, 2001 to 2011

  • In 2011 there were 17.9 million families in the UK. Of these 12.0 million consisted of a married couple with or without children
  • The number of opposite sex cohabiting couple families increased significantly, from 2.1 million in 2001 to 2.9 million in 2011. The number of dependent children living in opposite sex cohabiting couple families increased significantly, from 1.3 million to 1.8 million over the same period
  • In 2011, 38 per cent of married couple families had dependent children, the same percentage as cohabiting couple families
  • There were 2.0 million lone parents with dependent children in the UK in 2011, a figure which has grown steadily but significantly from 1.7 million in 2001
  • There were 26.3 million households in the UK in 2011. Of these 29 per cent consisted of only one person and almost 20 per cent consisted of four or more people

Labour Market Statistics: January 2012

Labour Market Statistics:January 2012

For September to November 2011

  • The unemployment rate was 8.4 per cent of the economically active population, up 0.3 on the quarter
  • There were 2.68 million unemployed people, up 118,000 on the quarter
  • The unemployment rate has not been higher since 1995 and the number of unemployed people has not been higher since 1994
  • The inactivity rate for those aged from 16 to 64 was 23.1 per cent, down 0.2 on the quarter. There were 9.29 million economically inactive people aged from 16 to 64, down 61,000 on the quarter
  • The employment rate for those aged from 16 to 64 was 70.3 per cent, down 0.1 on the quarter. There were 29.12 million people in employment aged 16 and over, up 18,000 on the quarter

Population changes

Measuring National Well-being – Population

  • The estimated population of the world passed the 7 billion mark on 31st October 2011 and is projected to exceed the 10 billion mark by 2100
  • The estimated resident population of the UK was 62.3 million in mid-20101 , an increase of 470,000 (0.8 per cent) on the previous year and the highest annual growth rate since mid-1962
  • The latest 2010-based national population projections show that the UK’s population is projected to reach 67.6 million by 2021 and increase further to 71.8 million by 2031
  • There are more females than males in the UK population; 31.6 million females compared with 30.6 million males in 2010
  • The number of people aged 65 and over is projected to become larger than the number aged under 16 in about 2023
  • Between mid-2001 and mid-2010, net natural change (the difference between births and deaths) went up from 62,000 between 2001 and 2002 to 243,000 between 2009 and 2010
  • Between 2009 and 2010, net natural change added 3.9 people and net migration and other changes added 3.7 people for every 1,000 resident in the UK
  • In 2010, in the UK, there were approximately 810,000 live births and approximately 560,000 deaths
  • An estimated 339,000 people emigrated from the UK in the year to December 2010 while the estimate of long-term international immigration to the UK in the same period is 591,000
  • Recent projections based on 2010 population estimates suggest that, not only will the UK population continue to grow, reaching nearly 72 million by 2031, but also that the estimated number of residents aged 65 and over will be larger than the number aged under 16 years by 2023