Wednesday 12 August 2009

Unemployment at highest level since 1995

Telegraph
"UK unemployment is now at its highest level since the summer of 1995.The data from the ONS showed that the number of people claiming jobseeker's allowance increased by 24,900 in July to 1.58 million - its worst level for more than 12 years.This marks the 17th month in a row where the "claimant count" has increased in the UK.Many experts predict 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 it could approach four million.This would be far worse than the 1980s peak under Margaret Thatcher."

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