Wednesday 21 April 2010

Unemployment at highest since 1994

Daily Mail
"Mixed jobs data today showed unemployment at a 16-yeah high, but the numbers claiming jobseeker's allowance falling more quickly than predicted.The Office for National Statistics reported that there are now 2.5m unemployed people in the UK after another 43,000 were added to the toll in the three months to February. It is the highest total since 1994.It takes the rate of joblessness to 8%, higher than the 7.8% that had been expected by analysts. The unemployment rate is the official measure of unemployment and is based on the ILO (International Labour Organisation) definition.However, the number of people claiming jobseeker's allowance fell last month by 32,900 to 1.54m, the fourth time the figure has fallen in the last five months. This is the sharpest fall since 1997. Analysts had forecast a decline of 10,000 in March."

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