Almost no change in Jobseekers Allowance (JSA) claims in the borough for November! In October there were 6,056 claims, in November 6,055 (a change of just -0.02%). The year-on-year change is a little happier, it’s a drop of 586 (-8.82%) from this time in 2009.
The longer term impact of the recession is clear, the graph of JSA claims since the recession started gives a clear picture of the long-term impact, a rapid increase as jobs were lost, but a slow recovery afterwards. And, of course, some of those jobs will never return: for example, many public sector jobs, unsustainably funded by massive borrowing are probably gone forever.