03.06.2013 Views

FRANCE The

FRANCE The

FRANCE The

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Overall Developments<br />

(AMS). Promising working methods will then be taken up and<br />

disseminated.<br />

<strong>The</strong> results of the Activity Guarantee will be followed up each<br />

month. <strong>The</strong> appraisal in December 2002 indicated positive results<br />

for 43% of the participants who had been enrolled in the Activity<br />

Guarantee for more than six months.<br />

UNITED KINGDOM<br />

Overall Developments<br />

<strong>The</strong> UK economy has recovered well in 2002, with GDP growth of<br />

0.6% in the second quarter and 0.8% in the third, driven mainly by<br />

the strong performance of services. <strong>The</strong> UK economy is currently<br />

growing at about its trend rate. Inflation continues to be low and<br />

stable, and has remained within the target range throughout 2002.<br />

This helps explain why there has been no sharp weakening in the<br />

labour market, with employment growing and unemployment<br />

broadly flat.<br />

Latest figures show a record 27.78 million people in employment,<br />

up by 107,000 in the last three months, and by 223,000 over the last<br />

year. This represents 74.6% of working age people in work. ILO<br />

unemployment is also up slightly over the year to stand at 1.52<br />

million, or 5.2%, while claimant unemployment is down slightly at<br />

0.93 million, or 3.1%. Although recent vacancy figures are difficult<br />

to interpret, we judge that they remain at historically high levels.<br />

26 Spring 2003 | European Employment Observatory Review

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!