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Categories:Investments

UK unemployment rises to 2.68m

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UK unemployment rose by 118,000 in the three months to November 2011 to stand at 2.68m, according to the Office for National Statistics.

The unemployment rate was 8.4 per cent of the economically active population, up 0.3 per cent on the quarter. The unemployment rate has not been higher since 1995 and the number of unemployed people has not been higher since 1994.

The number of 16-24 year-old without a job rose to 1.043 million in the three months to November, taking the unemployment rate in that age group to 22.3 per cent.

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