Jobless lowest level for a year
Unemployment has fallen to its lowest level for a year. The jobless total fell by 46,000 in the quarter to June to 2.56 million giving an unemployment rate of 8%. But there were big regional variations.
Unemployment has fallen to its lowest level for a year. The jobless total fell by 46,000 in the quarter to June to 2.56 million giving an unemployment rate of 8%. But there were big regional variations.
The national chairman of the Federation of Small Businesses welcomed today's unemployment figures, but said the government should give small businesses incentives to hire people on a full time basis.
The fall in unemployment is of course welcome news, and that youth unemployment is edging downwards. While it is good that people are in jobs, these jobs are mainly part time when people would prefer full time work.
Small businesses are key to sustaining the recovery but they need to be supported in enabling a greater number of people to be in full-time work. We have long said that businesses are more likely to take on staff if they receive a tax break. So extending the National Insurance Contributions scheme to existing businesses will go some way in helping to achieve this.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.