Xmas footfall

Footfall monitor: BRC

Week commencing 3 December 2012:

  • Footfall was down in all locations on an annual basis, falling 1.7%.
  • Footfall in shopping centres saw the biggest fall, decreasing 4.9%, followed by high streets and out-of-town locations which fell 0.8% and 0.4% respectively.
  • Footfall on a week-on-week basis increased in all locations, up 2.3%.
  • Footfall in shopping centres saw the biggest rise in footfall up 3.6% on the previous week, followed by high streets (2.2%) and out-of-town locations (0.9%).

Labour Market Statistics, December 2012 : ONS

  • The unemployment rate was 7.8 per cent of the economically active population, down 0.2 on May to July 2012 and down 0.5 on a year earlier. There were 2.51 million unemployed people, down 82,000 on May to July 2012 and down 128,000 on a year earlier
  • The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.1 on May to July 2012 and up 0.9 on a year earlier. There were 29.60 million people in employment aged 16 and over, up 40,000 on May to July 2012 and up 499,000 on a year earlier.
  • The inactivity rate for those aged from 16 to 64 was 22.6 per cent, up 0.1 on May to July 2012 but down 0.6 on a year earlier. There were 9.07 million economically inactive people aged from 16 to 64, up 60,000 on May to July 2012 but down 249,000 on a year earlier.

Economic crisis leads to huge changes in working practices

 

Global Wage Report 2012-13

  • Large numbers of employees are getting lower wages because they are working fewer hours and doing less overtime.
  • But rather than being a universally negative aspect of the economic crisis, reductions in working hours due to work sharing policies can be seen as a positive development
  • Work sharing is a reduction in working time to avoid lay-offs and it is a measure that helps to stabilize the economy