%20provides%20a%20daily%20overview%20of%20the%20news%20activity%20and%20announcements%20currently%20shaping%20currency%20movements%20across%20the%20world.%20Jay%20Mawji,%20the%20companys%20head%20of%20market%20analysis,%20takes%20a%20look%20at%20news%20surrounding%20unemployment%20data%20on%2013th%20March%202012.%20Unemployment%20figures%20in%20the%20UK%20remain%20on%20edge%20as%20data%20released%20today%20shows%20the%20levels%20of%20unemployment...){kind=link}
Unemployment Hanging On An Edge: Forex Trading Update, 13th March
Vantage FX (http://www.vantagefx.co.uk/) provides a daily overview of the news activity
and announcements currently shaping currency movements across the world. Jay Mawji, the companys head of market analysis, takes a look at news surrounding unemployment data on 13th March 2012.Unemployment figures in the UK remain on edge as data released today shows the levels of unemployment in the UK continues to edge upward. Whilst the Bank of England and other monetary bodies are keen to let the economy take its natural course, unemployment clearly has a mind of its own.
UK unemployment now stands 8.4%, up by 28,000, which equates to 2.67million people. The number of people claiming jobseekers allowance increased by 7,200 in February, bringing the total to 1.61million people. Unemployment is often seen as a key indicator, which unlike other data is less affected by short term changes. The Bank of England feels that inflationary pressures have softened and the prospect for growth is gradually improving as manufacturing and export data have turned positive this year. With interest rates on hold and monetary expansion likely to follow the same process, much has been left to the government to introduce pro-employment policies.
The issue of unemployment has to be addressed in every economy. The more people gainfully employed, the more consumers spend, which in turn drives growth that relies on further employment to meet demand. When an economy slows, the first cost is employment which then accelerates the economic decline. High unemployment also means that the state has higher benefits payments, which reduces the resources the government has available to promote growth or economic stability. The good news for the UK economy is that the rate at which unemployment is increasing is slowing. The majority of unemployment still comes from the public sector where the government is keen to remain within austerity targets. The private sector has as yet been unable to pick up the slack of excess loss of jobs in the public sector, but it has managed to increase private sector unemployment.
The key to every capitalist economy is the redistribution of wealth. Unemployment is probably the most inefficient way of doing that.
Keep your finger on the pulse of the markets with daily commentary from Vantage FX. Visit:
http://www.vantagefx.co.uk/market-news/market-news/
Trading derivatives and Forex carries a high level of risk to your capital and you should only trade with money you can afford to lose. Forex trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
by: Vantage FX UK The Comparison Of Currencies With Stock Trading Exactly What Are The Primary Advantages Of Buying From On-line Retailers Tips To Choose The Best Forex Robot For Ultimate Trading Success Money Can Be Generatedwith Binary Options Trading How To Get Started With Stress Free Forex Trading Breakout Trading-a Strategy To Attain Great Wealth How To Help Stock Advisory Company For Trading Getting Wholesale Glow Sticks Is A Smart Move When It Comes To Corsets, Uk Retailers Offer The Perfect Style For Every Woman Wholesale Costume Jewelry-get A Better Price Carrying Out Forex Trading With Care Brings Profits Ensure Your Success In Stock Trading With The Assistance Of Stock Brokerage Firm Top 3 Things You Should Know About Forex Trading