RSS

Unemployment tops 2.2m

Jun 18 2009

Email a friend

UK unemployment has hit a 12-year high of more than 2.2 million, new figures reveal.

The latest Office for National Statistics report shows that the number of people out of work rose by 232,000 in the three months to April, taking the total to 2.26 million – the highest since 1997.

In addition, the figures reveal that the unemployment rate now stands at 7.2 per cent of the working population, an increase of 0.7 per cent on the previous quarter and 1.9 per cent over the year.

Commenting on the findings, John Cridland, deputy director general of the Confederation of British Industry (CBI), says they show the UK is not yet through the worst of the economic downturn.

He adds: 'Sadly, the CBI expects these figures to continue to rise and peak at three million in the spring of 2010.'

Cridland also calls on the government to 'do everything it can' to prevent further job losses, as well as providing training, advice and support to the unemployed.

David Kern, chief economist at the British Chambers of Commerce, agrees that the situation is 'grim' and says the figures should serve as a reminder that it is too early to speak of the end of the economic downturn.

Comments

There are currently no comments on this article

FREE Legal, Financial, Accountancy & HR Help

Aska Professional understands the challenges faced by small businesses. That’s why we provide instant access to professional advice and legal templates. FREE access to Solicitors, Accountants, Financial Advisors & HR Specialists. Ask our experts a question and get a personal response within 60 minutes. Sign up now to ask a question - FREE.

Will the latest apprenticeship fund persuade you to take on interns?




Site map

« Expand to view
Small Business Offers