Employment-Apprenticeships and Bankers

A day when the stats and Banker feature in the same news bulletins

In many ways interelated as the Bankers started the issue of the recession which affected the Employment rate and led to an increase in Youth Unemployment

Apprenticeships are now available in careers ranging from advertising, to legal work, to art galleries, and information technology, to name but a few of the 1,200 job roles on offer.

 Is that the solution to the Youth Unemploymentor NEET ?
The challenge of Pay is an issue
National minimum wage for apprentices, which is £2.73 per hour.
A lot lower than the minimum wage
Apprentice News




If you move people off JSA to ESA you get some interesting results. Note ESA are not featured here
The figures are encouraging however against the past figures

Around 14.7% of workers, or 4.5 million, are self-employed, down by 88,000 on the quarter but up by 279,000 on a year ago, while the number of part-time workers wanting a full-time job remained at about 1.3 million.

Employment Minister Esther McVey said: "Record numbers of people in work means more people with the security of a regular wage who are better able to support themselves and their families.

Part of the problem is that many are not feeling the benefits. many are still searching to undertake 2 or more Jobs

Background

Unemployment is referred to as a lagging indicator, because businesses will often delay laying people off as long as they can in difficult times.

A few months after the start of the recession in 2008, unemployment started to rise sharply. When the global financial crisis hit, the unemployment rate was a little over 5% or 1.6 million.

Towards the end of 2009, with the UK coming out of its severest recession since the 1950s, it was almost a million higher at 2.5 million, or 8%.

Unemployment peaked at almost 2.7 million at the end of 2011, its highest level for 17 years.

Bankers

Six banks have been collectively fined £2.6bn by UK and US regulators over their traders' attempted manipulation of foreign exchange rates.

HSBC, Royal Bank of Scotland, Swiss bank UBS and US banks JP Morgan Chase, Citibank and Bank of America have all been fined.

Have we not been here before and didn't this whole recession start with the Banks?

Is there not an issue with bankers benefiting from fraud or " benefits fraud"