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Showing posts with label The number of unemployed in Britain to the highest level since 1994. Show all posts
Showing posts with label The number of unemployed in Britain to the highest level since 1994. Show all posts

10/12/2011

High number of unemployed in Britain



The number of unemployed in Britain to the highest level since 1994, after the failure of private sector companies to compensate for jobs lost in the public sector, leading to fears of worsening the country's slide into the abyss of a recession.
 
The official data showed that applications for unemployment benefits increased by 17,500 requested in the September / September.
 
According to the National Bureau of Statistics said the number of unemployed - according to an index ILO broader - jumped by 114 thousand in the three months to August / August, to $ 2.57 million, the highest total since October / November 1994.
 
The unemployment rate rose to 8.1%, the highest since October / October 1996 compared with the forecast unemployment rate of 8%.
 
The link between the critics and the accelerated pace of increase in the number of unemployed downwardly big government spending in the public sector.
 
The trade unions announced a protest on a large scale in London and other cities on November 30 / November next.
 
And high unemployment will increase pressure on the British government to support the economy, which had not been recorded little growth over the past year, with reduced consumer spending and a slowdown in key export markets.
 
The Bank of England launched a new round of stimulus program last week, pumping £ 75 billion extra into the economy to prevent a recurrence of the recession.
 
D. Spencer said World Bank economist is likely to grow the economy vulnerable in the last quarter of the year.
 
Source: Agencies

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