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Unemployment falls to 2.56 million - Holland & Co Chartered Accountants predict massive impact on Wigan's economy!!!
Friday 17th August, 2012

Unemployment falls to 2.56 million - Holland & Co Chartered Accountants predict massive impact on Wigan's economy!!!
Holland & Co Chartered Accountants

Unemployment in the UK fell by 46,000 in the three months to June, figures from the Office for National Statistics (ONS) show. This could have a massive impact on Wigan’s economy!!!

There are now 2.56 million people out of work in the UK, taking the unemployment rate down to eight per cent of the economically active population.

It means that 71 per cent of the population are now in employment, the highest figure since the three months to May 2009. An additional 201,000 people found work between April and June, up 0.4 per cent on the previous quarter.

Quote from Nigel Holland who was born in Wigan and is a Wigan Warrior season ticket holder:
“It is encouraging to see these positive figures and it is true that the private sector does seem to be battling hard against the economic downturn. Many people from Wigan are turning to self employment and we at Holland & Co have noticed a rapid upturn in people wanting to set up their own business. However I suspect that at least part of the reason why unemployment has fallen is because of temporary work created because of the Olympic games.

There are also some areas of concern. Youth unemployment is unacceptably high, and too many people are still being forced to work part-time as they cannot find a full-time job. While unemployment is likely to increase over the next 12-18 months, the peak may now be lower than some experts have predicted. I shall be reading the Wigan Observer in the weeks to come to see exactly what impact this good economic news has in Wigan.

While full time employment increased by 130,000 to reach 21.41 million, the number of part-time workers also increased by 71,000 to reach 8.07 million, the highest figure since records began.”

More information on these positive figures can be found on www.hollandandcompany.co.uk
The number of employees and self-employed people who said they working part-time because they could not find a full time job rose by 16,000 taking the total to 1.42 million - also the highest figure since the records began two decades ago.

Elsewhere, total pay rose by 1.6 per cent on a year earlier, while regular pay packets, excluding bonuses rose by 1.8 per cent on the year. Around 1.59 million claimed for jobseeker's Allowance (JSA) in July, down 5,900 compared with June.

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