Monday, August 22, 2011

Unenployment plus weak economic activity = social unrest

The youth unemployment rate has doubled in United Kingdom since the beginning of the recession. Unemployment among young people was 20% in the last quarter of 2010 as published in January 2011 by the National Bureau of statistics. This means that one in five people between 15 and 24 years do not have a job.

Estadistica desempleo juvenil
The British economy (GDP) shrank 0.5% the last quarter of 2010. Although it got a 0,7% increase in the first half of the year, the slugish recovery it is not strong enough to induce employment creation.
This is just one of the causes for the social unrest that led to the riots in August 2011

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