Dec
18
18/12/2008
For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
Over one million people are now claiming unemployment benefit, an increase of some 75,000 over the previous month's figures and up more than a quarter of a million during 2008 as a whole. Redundancies are also on the increase with 41,000 more people losing their jobs than in the quarter ended July 2008.
At present, the ONS reports that average earnings for those in employment is unchanged. With bargains on the high street, petrol prices coming down and the promise of massive January sales, those who are still in work can make significant savings by shopping carefully. However, there is a huge feeling of nervousness amongst the employed, not helped by analysts' predictions that three million will be unemployed by 2010.
To present a balanced view, not every commentator shares this pessimistic approach and it is only as the recession plays out its next act that we will see more clearly how the global and UK downturn is likely to affect us all. In the meantime, the people who cannot find jobs are the ones who are suffering, especially in the lead up to Christmas. Some of those worst affected will be facing a very real possibility of losing their homes as a result of failing to keep up their mortgage repayments. For these, Property Rescue offers a solution by buying their home and allowing them to stay there as tenants. This can mean that people in seemingly impossible situations can rebuild their lives without the stress of moving or, worse, becoming homeless.
Property Rescue deals with every client individually and makes sure all aspects of the transaction are explained in full before a decision is made. There is no obligation to proceed if, after initial discussions, you feel their offer isn't right for you. No salesmen will call and you won't be pestered by phone.
Call Property Rescue today to find out more about their buy and rent back scheme. Remember, the advice of their consultants is without charge and in complete confidence.