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Will unemployment in the UK hit 2 million by the end of the year?
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Background:
The jobless total leapt by 164,000 to 1.79 million between May and August, the highest rise for 17 years, it was revealed yesterday, providing stark evidence that the economic slowdown is forcing firms to lay off staff.
Amid warnings that unemployment could reach three million, the Prime Minister, speaking at an EU summit on the financial crisis, promised that the Government would do all it could to protect jobs. He pointed out that, despite the 10 per cent increase, unemployment was higher in America, Germany, France and Italy than in Britain.
The 1.79 million total out of work is the highest since 1999 and compounded the economic gloom on a day that the FTSE 100 Index's two-day revival came to a halt as it slumped by 7.2 per cent amid renewed recession fears.
Unemployment is now on course to hit two million by the end of the year and an economist, Vicky Redwood, of Capital Economics, forecast that unemployment could hit three million by the end of 2010.
For the full The Independent article click here.
Settlement will be based on the first report in 2009 that gives the complete figures for 2008.
Amid warnings that unemployment could reach three million, the Prime Minister, speaking at an EU summit on the financial crisis, promised that the Government would do all it could to protect jobs. He pointed out that, despite the 10 per cent increase, unemployment was higher in America, Germany, France and Italy than in Britain.
The 1.79 million total out of work is the highest since 1999 and compounded the economic gloom on a day that the FTSE 100 Index's two-day revival came to a halt as it slumped by 7.2 per cent amid renewed recession fears.
Unemployment is now on course to hit two million by the end of the year and an economist, Vicky Redwood, of Capital Economics, forecast that unemployment could hit three million by the end of 2010.
For the full The Independent article click here.
Settlement will be based on the first report in 2009 that gives the complete figures for 2008.
Settlement details:
As reported by a major mainstream news source. The unemployment measure will be the numbers unemployed and actively seeking work according to the Labour Force Survey, which is the government's preferred measure of unemployment (the preferred measure of unemployment before 1997 was the claimant count, which is significantly lower). This will be determined by the first report in 2009 that gives the complete figures for 2008.
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| Yes |
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| No |
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Activity: H$13,356
Predictions on this question are temporarily suspended
Suspend date: Wed 31st Dec 2008 11:59pm PST
Initial likelihoods: Yes: 80%
Action history:
Changed Settlement info Wed 15th Oct 2008 5:55pm PDT by 
chris![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: show details
chris: show details ... a major mainstream news source.. The unemployment measure will be the numbers unemployed and actively seeking work according to the Labour Force Survey, which is the government's preferred measure of unemployment (the preferred measure of unemployment before 1997 was the claimant count, which is significantly lower)
Changed Description Fri 5th Dec 2008 7:39pm PST by 
bayoubear
: show details
bayoubear: show details ... -years-962715.html'>here</a>. >. <br/> <br/> <b>Settlement will be based on the first report in 2009 that gives the complete figures for 2009.</b> <br/>
Changed Settlement info Fri 5th Dec 2008 7:39pm PST by bayoubear: show details
bayoubear: show details ... count, which is significantly lower)). <b>This will be determined by the first report in 2009 that gives the complete figures for 2009.</b>
Changed Description Fri 19th Dec 2008 3:29am PST by bayoubear: show details
bayoubear: show details ... gives the complete figures for 20092008.</b> <br/>
Changed Settlement info Fri 19th Dec 2008 3:29am PST by bayoubear: ... gives the complete figures for 20092008.</b>
bayoubear: ... gives the complete figures for
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspend date: Wed 31st Dec 2008 11:59pm PST
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88 predictions
sazzo
predicted Yes (H$20 at 68%)
predicted Yes (H$100 at 68%)
momma_hall
predicted Yes (H$50 at 68%)
oasisman
predicted No (H$50 at 31%)
predicted Yes (H$100 at 68%)
devil_may_care
predicted Yes (H$50 at 68%)
jarrod
predicted No (H$100 at 32%)
cognos![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted Yes (H$100 at 69%)
filanator
predicted Yes (H$20 at 69%)Comments (12)
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score: 10
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score: 10
New Zealand Herald 2 weeks ago
Sean O'Grady Unemployment in Britain is rising at its fastest rate in almost two decades, and could climb as high as three million by 2010. The Office for National Statistics (ONS) reported yesterday
score: 10
Guardian Unlimited 3 weeks ago
Services sector and young men bear brunt of losses with store closures likely to push unemployment to 2m in new year Woolworths has always prided itself on its cheap deals. Photograph: Stephen Kelly / PA Unemployment looks certain to rise to 2 million in
score: 10
Guardian Unlimited 3 weeks ago
Woolworths has always prided itself on its cheap deals. Photograph: Stephen Kelly / PA Unemployment looks certain to rise to 2 million in the new year after the number of people out of work increased by the largest amount since the early 1990s, and amid
score: 10
Guardian Unlimited 3 weeks ago
Woolworths has always prided itself on its cheap deals. Photograph: Stephen Kelly / PA Unemployment looks certain to rise to 2 million in the new year after the number of people out of work increased by the largest amount since the early 1990s, and amid
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