The Financial Crisis Deepens As Unemployment Rises
Wednesday, October 19th, 2011
The current number of people unemployed in the U.K. stands at 1.79 million, increasing from 1.72 million in July 2008. The Unemployment rate stands now at 5.75%, the highest level of unemployment since in 1991 amidst the U.K.’s last economic recession during the premiership of John Major.
This increase has put extra strain on public funds, with an increase of 3.6% in claimants for jobseekers allowance – the biggest monthly rise since 1992. Redundancies have also been on the increase, with 138,000 people made redundant from April to June 2008, rising an incredible 78% from the three months previous. Redundancies have flowed from a number of sectors, although mainly those most affected by the credit crunch, namely Northern Rock, Ford, UBS, HSBC and investment bank Lehman Brothers. Meanwhile, the housebuilding industry has seen job losses of 6,000 per week.
Personal Loans for Unemployed: if Unemployment is a Financial Struggle
Sunday, June 12th, 2011
There is always a phase in everyone’s life called unemployment. The good news is that it is temporary. The bad news is that at times financial situation takes over and you are thinking of ways to fight it out. Fight it out? Why fight when you have personal loans for unemployed.
You must have gone through similar reactions from people telling you tales of how grim your situation is and how difficult is to find loans for unemployed. Usually an unemployed little realizes that they can get personal loans. However, this is a stereotype that people are often led to believe. Personal loans for unemployed have the flexibility to stretch and adjust to the requirement of every unemployed.