The latest figures (which I’ve been a bit slow in posting) show a drop in claims for Jobseekers Allowance in Wandsworth.
While there are still nearly 3,000 more people (2,902 to be precise) claiming JSA than before the recession and 545 more than this time last year, the number has dropped by 181 (2.7%) since last month.
Of course the impact of the recession is likely to be long lasting; the impact on long-term unemployment is only just starting to show through and many have predicted a jobless recovering in which businesses recover but do not replace the staff they lost but at the moment is seems the rises in Wandsworth have stopped.
With the Chancellor about to start his budget speech unemployment continues to climb. Nationally 2.1 million people are claiming Jobseekers Allowance (JSA) with nearly 6,000 of those in Wandsworth.
In total 5,889 people are claiming JSA, 2.9% of the Wandsworth population. We continue to be in a better position than the national and London averages, which are at 4%.
The figure for March is an increase of 408 (7.4%) from February and 2,144 (57.2%) from the same time last year.
This does not reveal the full extent of unemployment, just those who have chosen to apply for JSA and are found to be eligible. Figures for actual unemployment are produced much later, the most recent figures show that in August last year 20,700 people of working age were on benefits. Even less recent were the figures for last June which showed 9,000 people were unemployed (the JSA claim at the same time was just 3,741).