UK Jobless Reaches 12 Year High

Unemployment Figures(BBC) – UK UNEMPLOYMENT ROSE to 2.261 million in the three months to April, the highest since November 1996, the Office for National Statistics said.

The jobless rate rose to 7.2%, the highest since July 1997.

The number of people claiming unemployment benefit rose by 39,000 in May.

Young people have been hard-hit by the recession, with the unemployment rate for 18-24 year olds now at 16.6%.

The claimant count rate rose to 4.8%, the highest since November 1997.

The number of people in work fell by 271,000 over the three months to 29.11 million, the biggest quarterly drop since comparable records began in 1971.

The number of vacancies fell from 659,000 in May 2008 to 424,000 in May this year — a 35.6% drop.

… (23/06/2009) – Most Firms In Pay And Recruitment Freeze

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