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GMB On Unemployment

Wednesday, April 16, 2014

Recovery Underway Is Welcome But There Is A Very Long Way To Go To Climb Out Of The Hole Caused By The Recession Says GMB

GDP per head is still 5.8% below 2007 levels which is the root cause of average earnings being down 13.8% in real terms since then says GMB.

GMB commented on unemployment figures released today 16th April.

Paul Kenny, GMB General Secretary, said “The recovery underway is welcome but we have a very long way to go to climb out of the hole caused by the recession. Given the increase in population GDP per head is still 5.8% below 2007 levels. See notes to editors for figures

This is the root cause of average earnings being down 13.8% in real terms since then. The pay of the bottom 50% of the workforce is still being squeezed. Public sector workers pay is being frozen or increasing less than inflation. This explains why Tesco like for like sales are down.”

End

Contact: Rehana Azam 07841 181656 or Martin Smith 07974 251 722 or Mick Rix 07971 268343 GMB press office 07921 289880

Notes to editors

 

Year GDP seasonally Population GDP per head £ Index % change
 

Adjusted £m

 
       
2007

1,552,989

 
61,319,100 25,326 100  
2008 1,541,03 61,823,800 24,926 98.4 -1.6
2009 1,461,361 62,260,500 23,472 92.7 -7.3
2010 1,485,616 62,759,500 23,672 93.5 -6.5
2011 1,502,216 63,285,100 23,737 93.7 -6.3
2012 1,505,993 63,705,000 23,640 93.3 -6.7
2013 1,532,431 64,135,000 23,894 94.3 -5.7
           
 

 

 

 

       
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