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News - 16 November 2011
The Office for National Statistics (ONS) has reported that UK unemployment rose by 129,000 [8.3%] in the last quarter to 2.62 million; youth unemployment rose above a million.
The jobless total for 16 to 24-year-olds hit a record of 1.02 million in the quarter, although this figure does include 286,000 students. Female unemployment was at its highest for 23 years.
The number of people out of work and claiming Jobseeker's Allowance rose by 5,300 to 1.6 million in October.
The news comes as the Bank of England cut its 2011/12 growth predictions to about 1% and governor Sir Mervyn King said Britain's economy could stagnate until the middle of next year warning the global economic outlook had "worsened".
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