tuff_sledding![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
When will UK Unemployment reach 2,500,000?
Background: According to labour market statistics released on February 2009, there were 1.97 million people out of work in the UK. The Dec report showed 1.86 mil (reflecting Oct), January was up to 1.92 (this reflects Nov numbers).
The unemployment rate was 6.3 per cent in the three months to December 2008, up 0.4 percentage points from the three months to September 2008 and up 1.1 percentage points from a year earlier. In the early and mid 90s, the rate was over 10% with more than 3 million people out of work, so we may have a way to go in this round…..
There is no guarantee that the pace will stay the same; the economy is clearly continuing to get worse. On the other hand, governments are doing what they can to stem the tide.
Commentators, including one member of the Monetary Policy Committee believe the ILO number will reach 3million once more in 2009.
So, the question is: When will UK unemployment reach 2.5 million as reported by the Office of National Statistics?
Please note: The dates referred to below are the dates of first announcement of the number - not the survey date.
The unemployment rate was 6.3 per cent in the three months to December 2008, up 0.4 percentage points from the three months to September 2008 and up 1.1 percentage points from a year earlier. In the early and mid 90s, the rate was over 10% with more than 3 million people out of work, so we may have a way to go in this round…..
There is no guarantee that the pace will stay the same; the economy is clearly continuing to get worse. On the other hand, governments are doing what they can to stem the tide.
Commentators, including one member of the Monetary Policy Committee believe the ILO number will reach 3million once more in 2009.
So, the question is: When will UK unemployment reach 2.5 million as reported by the Office of National Statistics?
Please note: The dates referred to below are the dates of first announcement of the number - not the survey date.
Settlement details:As reported by a major mainstream news source. http://www.statistics.gov.uk/ is a good primary source.
Forecast history %
| May - June |
| ||||
| July - August |
| ||||
| September - October |
| ||||
| November - December |
| ||||
| January - February 2010 |
| ||||
| Does not reach 2.5 million by the Feb 2010 report |
|
Question suspends in 1 week
- Activity: H$99,536 |
- Predictions: 152 |
Comments: 3
Suspend date: Tue 1st Dec 11:59pm PST (1 week to go)
Initial likelihoods: May - June: 15%, July - August: 15%, September - October: 20%, November - December: 20%, January - February 2010: 15%, Does not reach 2.5 million by the Feb 2010 report: 15%
Action history:
Suspend date: Tue 1st Dec 11:59pm PST (1 week to go) details 
Get widget!Predictions (152)
ianochaye
predicted Does not reach 2.5 million by the Feb 2010 report (H$1,000 at 19%)Comments (3)
Stake virtual dollars on the outcomes of real news stories! Win more if you're right and climb the leaderboards Learn more...
By joining you are agreeing to our terms of service
Related News 
This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
score: 10
Mail Online UK 27 weeks ago
has put more people out of work than the one that began in 1980, Whitehall analysts said yesterday. Unemployment soared by 530,000 in the nine months after June 2008, according to the Office for National Statistics. That is nearly 100,000 more than the
score: 10
MarketWatch 27 weeks ago
Friday, punctuating consumers' struggle to keep up with payments in the face of rising home foreclosures and growing unemployment. American Express Co. /quotes/comstock/13*!axp/quotes/nls/axp (AXP 24.81, +0.72, +2.99%) , Discover Financial Services
score: 10
BBC 27 weeks ago
There are 2.2 million people unemployed in the UK Unemployment is rising faster in this recession than at anytime since the 1980s, according to official figures. Office For National Statistics figures also show that the current recession has hit
score: 10
The Independent 27 weeks ago
Unemployment has soared to its highest level since Labour came to power in May 1997. A further 244,000 people joined the ranks of the jobless in the first quarter of
score: 10
AFP via Yahoo! 27 weeks ago
LONDON (AFP) Britain's unemployment rate hit 7.1 percent in the three months to March as the number of people claiming jobless benefits jumped to 2.22 million, official data showed Tuesday. The data
Related Tags
More questions by
2.261 million (June report)
2.215 million (May report)
Next report August 12, 2009.
http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=1944
The next release is Sept 16th.
http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=1944
Please log in or join to add a comment