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Montevideo, September 19th 2018 - 22:39 UTC

UK Unemployment at Record High

Thursday, January 20th 2011 - 16:52 UTC
Full article 52 comments
Employment Minister Chris Grayling Employment Minister Chris Grayling

The latest figures from the Office of National Statistics show that the number of unemployed in the UK has increased by 49,000 to 2.5 million, with a record number of young people out of work.

The largest quarterly rise in unemployment since August 2009, shows a drop in employment and rise in unemployment, redundancies and early retirement. The number of unemployed in the 16-24 age group is the highest since 1992.

The employment rate for 16-64 year olds for the three months to November 2010 fell by 0.3% taking it down to 70.4%, the greatest quarterly decrease since the three months to August 2009. The number dropped by 69,000 people to 29 million people in employment.

In the same three months to November, 157,000 redundancies were made, up 14,000 and early retirement rates increased by 39,000 – the highest since 1993.

Vacancies for the same period stood at 469,000, with more than five people interested in every job.

Employment Minister Chris Grayling said “These figures serve to underline the scale of the challenge we face. We inherited the largest budget deficit in peacetime history and high levels of worklessness, which we are determined to bring down by rebalancing the economy and supporting private sector jobs growth.”

The Chief Economist of the British Chamber of Commerce David Kern said: “These figures are disappointing and once again slightly worse than expected. We reiterate our forecast that unemployment in likely to increase to 2.6 million over the next year.”
 

Categories: Economy, Politics, International.
Tags: Unemployment.

Top Comments

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  • xbarilox

    You should ask Cristina for an advice, she knows how to end poverty and unemployment. You just have to give free money to people and create thousands of piqueteros, well-paid, of course, and that's all, unemployment will be history! INDEC will help you with new tricks, those guys know everything about fake rates. Hope this helps :)

    Jan 20th, 2011 - 05:46 pm 0
  • Marcos Alejandro

    Like Mr Peter Preston said:

    “Ditch the Falklands, It makes no economic or political sense to hang on to the Falklands, but no one will face the truth”

    http://www.guardian.co.uk/commentisfree/2010/nov/14/falklands-economic-crisis-politics-argentina

    Jan 20th, 2011 - 06:28 pm 0
  • I

    well !! I wouldn't call patroling the waters of Malvinas Argentina an investement really, but that is something I couldn't bring into a debate here or is it ?? £365 million, ($657 million) probably not, I am sure that even without jobs every Subject in UK has £365 million inside their smallest piggy bank, because bery often I see regular british subjects bash Argentina for one thing or the other, but with the harsh times coming we can start to see that not everything is dandy in the imperialist utopian paradise, perhaps when they pay the bill next moth for Argentina's Antartic fishing patrols they will remember the unemployed in UK are not just subjects they need jobs and a secure future..
    http://www.thefullwiki.org/Military_of_the_Falkland_Islands
    Viva La Revolucion.

    Jan 20th, 2011 - 07:18 pm 0
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