Wednesday, 18 March 2009

Unemployment passes two million
UK unemployment has risen above two million for the first time since 1997, official figures have shown.
During the three months to January, the number of people unemployed totalled 2.03 million, up by 165,000, said the Office for National Statistics (ONS).
For February, the number of people getting jobseeker's allowance added a record 138,400 to reach 1.39 million.
There are now 10 jobseekers for every vacancy advertised in UK jobcentres, the TUC claimed earlier this week.

The ONS added that the unemployment rate jumped to 6.5% between November and January.
Unemployment is rising as the first recession in the UK since 1991 continues to bite. Many economists now predict it will go above three million next year.
"This is another milestone in the return of mass unemployment to the UK, and it will get worse before it gets better as unemployment always persists even after a recovery starts," said TUC general secretary Brendan Barber.
Turning his attention to next month's G20 meeting in London, Mr Barber added that it was now imperative that world leaders work together to help stimulate the global economy.
David Kern, chief economist at the British Chambers of Commerce, said the government should now "seriously consider" temporary wage subsidies.

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