View more on these topics

UK unemployment hits 2.5m

The number of people unemployed in Britain hit its highest figure since 1994 during the three months to February according to the Office for National Statistics.

Over the three month period the number of people out of work increased by 43,000 to 2.5m, which according to the ONS is the highest figure since the three months to December 1994.

Meanwhile the unemployment rate for the three months to February rose 0.1 per cent compared the past quarter to 8 per cent. The ONS says this rate has not been higher since the three months to September 1996.

However the number of people claiming Jobseekers Allowance fell by 32,900 between February and March this year. This, says the ONS is the fourth time out of the past five months the number of claims has fallen.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm