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12/08/2009
Unemployment Set For 2.5m
A grim statistic is being predicted for the dole queue.
Britain's jobless total is likely reach a 15-year high of around 2.5 million when new figures are released later today.
Despite recent signs the recession may have passed its worst phase, the unemployment rate traditionally lags behind - and there are signs of more misery on the horizon.
The three months to May saw UK unemployment rise by 281,000 to 2.38 million and experts are braced for figures to show a similar scale of increase in the quarter to June.
It is also being predicted that dole queues will stretch past the three million mark next year.
But an even gloomier forecast from the Centre for Economics and Business Research says there could be as many as four million out of work.
And as more university graduates and school leavers are set to enter the job market, the situation is set to grow even bleaker.
"Youth unemployment is a growing and a very real concern," IHS Global Insight Economist Howard Archer told the BBC last night.
"Unemployment still looks highly likely to rise above three million in 2010 and we suspect it could eventually peak around 3.2 million."
He warned: "Even if the economy does return to growth in the third quarter, activity is still unlikely to be strong enough for some considerable time to come to prevent further net job losses.
"In fact, we suspect that unemployment will rise for the rest of this year and much, if not all, of 2010."
(BMcC/KMcA)
Britain's jobless total is likely reach a 15-year high of around 2.5 million when new figures are released later today.
Despite recent signs the recession may have passed its worst phase, the unemployment rate traditionally lags behind - and there are signs of more misery on the horizon.
The three months to May saw UK unemployment rise by 281,000 to 2.38 million and experts are braced for figures to show a similar scale of increase in the quarter to June.
It is also being predicted that dole queues will stretch past the three million mark next year.
But an even gloomier forecast from the Centre for Economics and Business Research says there could be as many as four million out of work.
And as more university graduates and school leavers are set to enter the job market, the situation is set to grow even bleaker.
"Youth unemployment is a growing and a very real concern," IHS Global Insight Economist Howard Archer told the BBC last night.
"Unemployment still looks highly likely to rise above three million in 2010 and we suspect it could eventually peak around 3.2 million."
He warned: "Even if the economy does return to growth in the third quarter, activity is still unlikely to be strong enough for some considerable time to come to prevent further net job losses.
"In fact, we suspect that unemployment will rise for the rest of this year and much, if not all, of 2010."
(BMcC/KMcA)
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UK Unemployment Rises To 2.5M
UK unemployment crept up in the first three months of the year to reach its highest level in more than 13 years. Data from the Office for National Statistics showed the unemployment rate for the three months to February 2010 was 8 percent. The jobless total is now at its highest since 1994. This was an increase of 0.
17 August 2011
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UK Unemployment Rises
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17 June 2009
Unemployment Levels Reach 12-Year High
Unemployment levels in the UK have risen by 232,000 to 2.26 million in the three months to April - the highest level in more than 12 years. The Office for National Statistics (ONS) also said the number of people claiming jobseeker's allowance increased by 39,300 in May to 1.
Unemployment Levels Reach 12-Year High
Unemployment levels in the UK have risen by 232,000 to 2.26 million in the three months to April - the highest level in more than 12 years. The Office for National Statistics (ONS) also said the number of people claiming jobseeker's allowance increased by 39,300 in May to 1.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
