Jobless household numbers falling
24/03/2014
The number of households in the UK with no working adults between the ages of 16 and 64 continued to fall throughout 2013.
According to the Office for National Statistics (ONS), there were 3.4 million jobless households recorded in the last three months of 2013, representing 16.6% of all UK households with an adult of working age.
In the same period a year earlier, the figures showed that 17.3% of households with at least one adult of working age were considered to be jobless households. Therefore, the new figures represent a drop of 0.7%, or around 137,000 households.
These figures do include households that are jobless due people choosing not to work, or being unable to work. Those who choose not to work or are unable to work are often due to family commitments, early retirement or study. Additionally, some people may also be unable to work because of sickness or disability.
Historically, the proportion of jobless households stood at its highest in 1996 when over 20% of households were jobless. This fell to as low as 17% in 2006 just before the financial crisis, which triggered a sharp rise to over 19% in 2010.
As the economy appears to be recovering, recent trends have seen these figures fall over the past few years.
Need advice?
If you need to ask a financial question then please contact our financial advisers online or over the phone to get help with your query.
Share this..
Related stories
Alan Sugar joins the UK government
Sir Alan Sugar has today agreed to join the UK government in an advisory capacity as Gordon Brown looks to rebuild his battered reputation and standing in the UK. The serial entrepreneur will take on an unpaid adviser role and has apparently been promised a seat in the House of Lords. He will advise Lord Mandelson on practical ways to help UK businesses in a move which many believe is more public...
Read MoreHousehold debt set to increase, according to OBR
18/03/2016 The Office for Budget Responsibility (OBR) has said that it expects household debt to carry on growing in size until at least the end of the decade. Official forecasts indicate that weak pay growth coupled with low interest rates is likely to provide households with a means to continue to live beyond their financial comfort zone, and the fiscal watchdog said such a long period of...
Read MoreEurope asks for help from the old enemy
As the UK and other major European players continue the struggle to light the blue touch paper to reignite economies around the world there have been calls for the 'old enemy' of Russia and China to increase their contributions to the international bailout fund. There have also been calls for the once insulated Arab states to step up to the mark and contribute to a £320 billion package to refloa...
Read MoreIMF suggests worldwide GDP to fall by between 0.5% and 1.5%
The International Monetary Fund (IMF) is alleged to have collated data that shows that the worldwide economy would be shrink by between 0.5% and 1.5% as measured by GDP during 2009. The IMF then sees a gradual recovery in 2010 with the worldwide economy set to improve by between 1% and 2%. So what does this mean for the future?
While the worldwide fall of up to 1.5% in GDP is worryi...
Treasury Select Committee warns city to hire more women
The influential Treasury Select Committee has this weekend issued a report warning the UK financial sector of a need to increase the number of women appointed to influential positions in the industry. This is an age-old debate which has been going on for many years and it is well established that there is a lack of business women in the financial sector and especially towards the upper tiers of th...
Read More