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Unemployment rises to 2.5 million

UK unemployment rose by 49,000 to 2.5 million in three months to November 30, 2010, the Office for National Statistics has revealed.

The unemployement rate for those aged 16 to 24 also rose by 32,000 in the quarter to reach 951,000. This is the highest figures since records began in 1992 and now means that more than one in five in that demographic are now out of work.

The unemployment rate in the UK for the three months to November 2010 stood at 7.9 per cent, up 0.2 per cent on the quarter. There was a total of 157,000 redundancies in the three month period, up 14,000 on the quarter.

The number of people in employment aged 16 and over fell by 69,000 on the quarter to reach 29.09 million. This was the largest quarterly fall since August 2009.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. And unemployment from the public sector needs to be a lot higher!

    Don’t misunderstand me, there are some VERY good and motivated people working in the Civil Service, Local Government etc. The trouble is that there are not many and nowhere near enough of them.

    My long experience of the public sector is that many staff routinely take the maximum annual sick leave allowed before some kind of management action is needed EVERY year, that they routinely slack at work and come up with reasons for doing or not doing something which don’t bear close examination.

    The good staff have to carry the others like an over-sized shell on the back of a small snail.

    Unfortunately putting the undeserving out of work is going to produce some painful headlines…

  2. Perhaps this is a timely warning for those trying to press for increases in interest rates—additional trading costs are going to make this situation worse and will still do nothing to control inflation.
    Give this year a little more time to show it’s teeth as rising costs hit disposable income. It’s going to be a tough trading environment—perhaps I should start taking bets from Mail and Express readers who think house prices are going to rise!!

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