freephone 0800 862 0373
Sign in to view your quotes
Email address:
Password or PIN:

Forgotten your password? Reset it here.

UK unemployment levels creeping up

Published on 15/05/2013

Levels of unemployment in the UK have risen to 7.8% as the number of people out of work slowly increases, reports the Office of National Statistics.


UK unemployment has been rising gradually

According to the latest figures, the unemployment rate for January and March 2013 increased by 0.1% compared to the period from October to December 2012.

The number of people now unemployed in the UK reached 2.52 million which is an increase of 15,000 from the figure recorded October and December 2012.

Martin Beck, economist at Capital Economics, said: “Following recent positive news on the economy, today's UK labour market data provides something of a reality check."

In April 2013, the UK narrowly avoided a triple-dip recession and economists thought the economy may be turning a corner.

The economy grew 0.3% in the first quarter of 2013 according to the first estimate for gross domestic product from the Office of National Statistics.

Hugh Pym, economics correspondent for the BBC, feels that the economy has a bright future and unemployment may begin to level out rather than increase.

Pym said: “The ONS has confirmed what was becoming clear in the jobs market figures last month – which is the lengthy period of falling unemployment has come to an end.

“The latest weaker headline figures could reflect lack of growth at the end of last year and the pickup in economic activity in the first quarter of 2013 could point to a brighter picture on jobs later in the year.”

Income protection insurance policies can protect you against involuntary unemployment and could provide you with a tax-free monthly benefit should you become involuntarily redundant.

For more information on what protection you can take out and how it could benefit you read our FAQs and information guide on income protection.

© ActiveQuote Ltd. 2013


Categories:  Income Protection
UK unemployment levels creeping upLevels of unemployment in the UK have risen to 7.8% as the number of people out of work slowly increases, reports the Office of National Sta    tweet it on twittershare with your friends on Facebookshare with your friends on MySpaceBlog it on your LinkedIn profile
 

No.1 health insurance broker as rated by customers

Proactive, efficient, and offered me insurance I need. I would say half price I would end up paying if I did it by myself. Many thanks.

Review centre member

Excellent service. Explained everything in detail and really helped to find the right insurance best suited to my needs - which wasn't necessarily the most expensive. 

Review centre member

Good value and the advisor was very helpful and recommended the best policy for my grandson. I would definitely use this service again and recommend to others.

Review centre member

We were contacted in good time to make a knowledgable choice. We were given plenty of options with lots of information to enable us to make the right choice.

Review centre member

The service I received was excellent, the staff member was very efficient and knowledgable. She went out of her way to get the best policy for me.

Review centre member

Great service. I really appreciated the help provided by Active Quote to arrange health insurance. The agent was very informative and proactive. Many thanks!

Review centre member

I received excellent care and attention from the first phone call till the last. Friendly, efficient and patient.

Review centre member

Staff are very helpful, friendly and polite. They call back when they say they will and keep you up to date with progress. Pleasure to deal with.

Review centre member

Very polite and friendly, and gave detailed explanations of all aspects of the cover. Reassuring to know that if you do have a problem there is someone you can contact.

Review centre member

Friendly and efficient. Nothing was too much trouble even when i needed to make a small change, excellent service.

Review centre member
 
This site is operated by Insurance Broker ActiveQuote Ltd registered in England & Wales company number 6765845.
Authorised and Regulated by the Financial Conduct Authority (FCA). Firm reference number 501109 as detailed on the Financial Services Register. Please read our Key Facts document.
For information about your rights as a consumer visit Citizens Advice.

Our insurance comparison service is free and easy for you to use, but you are responsible for making sure all your information is entered correctly, and for choosing your insurer.

This site uses cookies in order to work correctly - these are not harmful and do not contain personal information. By using this site you consent to this. I understand  Tell me more

please wait ...