in Regeneration

The never-ending recession

We are now in the longest recession this country has suffered.

No political points. The recession continues, unemployment goes up.

Last month we saw a small drop in Jobseekers Allowance (JSA) claims, this month’s increase more than wipes out the drop.
Wandsworth JSA claims, Oct 08 to Oct 09
Overall there was an increase of 140 JSA claims this month, a 2.1% rise. There are now 6,813 people signing on, an increase of 2,768 (or 68.4%) over the year.

And that’s just in a year. We haven’t seen any growth in the economy since 2007. The increase in JSA claims since then is 82.1%. It’s hard to see the benefits of our economy being ‘well-placed’ for this recession.

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