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18 April 2012updated 17 Jan 2024 7:41am

The one number that explains the employment situation

5.6 people are chasing every one job. Without reducing this number, unemployment can never substanti

By Alex Hern

Perhaps the best single piece of news in the unemployment data isn’t the reduction in the number of unemployed people, which, though a positive indicator, obscures a number of less positive results. It is instead the reduction in the number of unemployed people per vacancy, which now stands at 5.6, down from 5.9.

The data has also allowed the TUC to recompile their list of employment blackspots – those places where this ratio rises to unacceptable heights:

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