Wednesday, 13 April 2011

UK - People wanting work and vacancies

The jobs survey today appears to show a slowly improving picture. However what stands out to me is how many people are marked as 'inactive - wants a job'. This graph shows what I mean:

Here's the ratio of the total of these two data sets to the available vacancies.

Source: Office of National Statistics, tables MGSC (ILO Unemployment Level Ages 16-64 - Quarterly seasonally adjusted), LFM2 (Inactive - wants a job - Quarterly seasonally adjusted) and AP2Y (All vacancies - Quarterly seasonally adjusted).