Wednesday, 15 December 2010

Unemployment Rises to 2.5 Million


Link to the article: Channel 4 News

Two and a half million people are now unemployed while the number of young people out of work soars to one of its highest levels in another bad blow to Britain's delicate economy, writes Faisal Islam.


New figures out today show unemployment rose by 35,000 in the third quarter of the year - taking experts by surprise and raising the threat that Britain, like the United States, could be heading into a "jobless recovery".

Almost one in five young people aged 16-24 are now out of work - while more than a million women are now jobless - the highest total for more than 20 years.

Around the country, the worse hit regions were Yorkshire, Northern Ireland and the North East - while the Midlands saw the single biggest rise in unemployment.