According to the latest labour market statistics, published today by the ONS, unemployment rose by 114,000 to reach 2.57 million - 8.1% of the population.
Meanwhile, although youth unemployment failed to reach the one million mark as some had predicted, the ONS data recorded a record level of youth unemployment at 991,000. This is a rise of 74,000 on the previous year, and is the highest figure recorded since records began in 199.
Today's findings put further pressure on the Government to stimulate growth in the jobs market. "The BCC's September forecast predicted that total unemployment would rise to 2.62 million by the end of 2012. However, on this basis of these figures, there is a risk that the jobless total will be even higher next year."
Ian Brinkley, centre director at The Work Foundation, said: "The labour market figures released this morning are very troubling. The fall in employment of 180,000 in a single quarter is comparable to the quarterly losses seen during the depths of the last recession
Manali
pgdm 3rd sem
No comments:
Post a Comment