Working and Workless Households

Working and Workless Households: ONS

In April to June 2013:

  • 17.1% of all households with at least one person aged 16-64 were workless, down from 17.9% in the same period last year. This is the lowest percentage since comparable records began in 1996. The total number of workless households was 3.5 million.
  • The number of people aged 16-64 in workless households fell to 4.9 million, the first time it has been below 5 million since 2008.
  • The number of children in workless households was 1.6 million, or 14% of all children. Of these, 65% were living in single-parent households.
  • There were 297,000 households where no-one had ever worked, down 43,000 on the year. Excluding student households there were 224,000 households containing only people who have never worked, down 41,000 on the year.
  • The North East remained the area with the highest percentage of its households workless, at 23%, with the South East having the lowest at 13%.
Advertisements

UK GDP

UK GDP, Q2 second estimate : ONS

  • UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.7% between Q1 2013 and Q2 2013, revised up by 0.1 percentage points from the previously published estimate.
  • GDP in volume terms increased by 1.5% when comparing Q2 2013 with Q2 2012.
  • In current prices GDP was estimated to have increased by 0.4% between Q1 2013 and Q2 2013.
  • All expenditure components – with the exception of non-profit institutions serving households – contributed positively to the 0.7% increase in GDP between Q1 2013 and Q2 2013.
  • Compensation of employees – which includes both wages & salaries and pension contributions – increased by 2.4% in Q2 2013, the highest quarterly increase since Q3 2000 when it also increased by 2.4%. The increase in Q2 2013 partly reflects unusually high bonus payments in April 2013

NEETS, Q2

Young People not in Education, Employment or Training, August 2013

  • For April to June 2013, there were 1.09 million young people (aged from 16 to 24) in the UK who were Not in Education, Employment or Training (NEET), virtually unchanged from January to March 2013 but down 104,000 from a year earlier.
  • For April to June 2013, the percentage of all young people in the UK who were NEET was 15.1%, unchanged from January to March 2013 but down 1.3 percentage points from a year earlier.
  • For April to June 2013, just over half (53.6%) of all young people in the UK who were NEET were looking for work and available for work and therefore classified as unemployed. The remainder were either not looking for work and/or not available for work and therefore classified as economically inactive.

European inflation

European inflation, July 2013: Eurostat

  • Euro area annual inflation was 1.6% in July 2013 , stable compared with June.
    • A year earlier the rate was 2.4%.
    • Monthly inflation was -0.5% in July 2013.
  • European Union annual inflation was 1.7% in July 2013, stable compared with June.
    • A year earlier the rate was 2.5%.
    • Monthly inflation was -0.4% in July 2013.

Retail sales volumes grow

Retail Sales, July 2013: ONS

  • Compared with a year ago (July 2013 compared with July 2012) the quantity bought in the retail industry increased by 3.0%. The main sources of upward pressure came from the predominantly food and non-store retailing sectors.

  • Within the food sector, the quantity bought in July 2013 increased by 2.1% compared with July 2012. This was the highest increase since April 2011.

  • Looking at the monthly picture (July 2013 compared with June 2013), the quantity bought increased by 1.1%. Again, there was strong growth in supermarket sales with a rise of 2.5%.

  • In July 2013, the prices of goods sold in the retail industry rose by 1.8% compared with July 2012. This was mainly due to increases in the prices of goods sold in the food sector. This is consistent with the latest Consumer Prices Index (CPI) release for July 2013.

  • In July 2013, the estimated weekly spend across all retailing averaged £7.0 billion, up from £6.8 billion in June 2013 and £6.7 billion in July 2012.

European GDP up

European GDP, Q2 2013: Eurostat

  • GDP rose by 0.3% in both the euro area (EA17) and the EU27 during the second quarter of 2013, compared with  the previous quarter
  • In the first quarter of 2013, growth rates were -0.3% and -0.1% respectively.
  • Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 0.7% in the euro area and by 0.2% in the EU27 in the second quarter of 2013, after -1.1% and -0.7% respectively in the previous quarter.

Unemployment falls slightly

Labour Market Statistics, August 2013: ONS

For April to June 2013:

  • The unemployment rate for April to June 2013 was 7.8% of the economically active population, unchanged from January to March 2013.
  • There were 2.51 million unemployed people, down 4,000 from January to March 2013.
  • The inactivity rate for those aged from 16 to 64 for April to June 2013 was 22.3%, virtually unchanged from January to March 2013.
  • There were 8.99 million economically inactive people aged from 16 to 64, down 10,000 from January to March 2013.
  • The employment rate for those aged from 16 to 64 for April to June 2013 was 71.5%, up 0.1 percentage points from January to March 2013.
  • There were 29.78 million people in employment aged 16 and over, up 69,000 from January to March 2013.