CCR Magazine

You are here  :Home arrow News arrow Sharp fall in unemployed people claiming Jobseeker’s Allowance
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Sharp fall in unemployed people claiming Jobseeker’s Allowance PDF Print E-mail
Tuesday, 05 July 2016
Today the UK’s leading financial capability charity The Money Charity releases The Money Statistics, giving an overview of the financial situation facing people in the UK. 

Statistics this month show that that fewer adults are claiming benefits that at any time this millennium. Just 4.726 million people not in work aged 16 and above are claiming some form of benefit.

This drop is driven by the falling numbers of people claiming Jobseeker’s Allowance. From a peak of 1.59 million jobseekers in February 2012, the claimant count fell by more than a million to 581 thousand by November 2015.

On the face of it, this is a positive sign – fewer people needing to claim Jobseeker’s Allowance is a sign that more are in employment. But the picture is a little more complicated.

The unemployment rate has also fallen about a million from a peak of 2.7 million in 2011 to under 1.7 million in November 2015. But the drop in claimant count is also driven by a sharp fall in the proportion of unemployed people claiming benefits that they are entitled to.

In 2000, 69% of people who were out of work claimed Jobseekers Allowance. By 2012, this had fallen to 60%. And by November last year, just 34% of unemployed people were claiming.

For whatever reason, a greater proportion of unemployed people are not claiming the benefits they’re entitled to. The benefits system is there to help people manage their finances in difficult situations. And it is important for financial wellbeing that everyone understands what the tax and benefits system has to offer.

There may be positive reasons not to claim, but such a sharp decline in claimant rates suggests that for many unemployed people, this is not the case.

Michelle Highman, CEO of The Money Charity said: “It is great news that more people are finding work. If you’re newly in employment, you have the opportunity to take control of your life and finances and we wish you well. But we at The Money Charity worry that many unemployed people are not accessing financial help they are entitled to in some of the hardest times in their lives.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197