City's Moment Tum Is Just the Job ; Liverpool has Avoided the Worst in Unmployment Rises but Can It Last, Asks Alex Turner
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Summary
LIVERPOOL is the major city that has been least affected by rising unemployment in England throughout the downtur n.
Analysis by LDP Business shows that of England's eight largest city economies outside London - which together form the Core Cities Group - Liverpool saw both the smallest percentage increase in the number of people claiming jobseeker's allowance from January, 2008, to the peak, and still has the lowest total increase from that start point.See the full content of this document
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City's Moment Tum Is Just the Job ; Liverpool has Avoided the Worst in Unmployment Rises but Can It Last, Asks Alex Turner
Unemployment is described by economists as a lagging indicator, which means it takes several months from when the economy first weakens to show in rising jobless numbers. So although the UK entered recession in the second quarter of 2008, it was only from October that unemployment began to rise markedly.
As unemployment climbed across the country, Liverpool remained at least partially insulated, with the effects of the investment ahead of the city's year as European Capital of Culture, its large public sector workforce and the bo...See the full content of this document
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