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Monday 26th of April 2010
April 21, 2010    

UK unemployment hits 2.5m

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by Gill Montia
UK unemployment hits 2.5m

UK unemployment has risen to 2.5 million, its highest level in almost 16 years.

In the three months to the end of February there were 43,000 new signers-on.

Youth unemployment increased to 929,000 during the period, with an additional 4,000 sixteen to twenty-four-year-olds registering as unemployed, compared with the previous three months.

Among the over-50s, the jobless total rose by 7,000 to 396,000.

While the number of people unemployed for up to six months fell by 46,000, to 1.22 million, the number unemployed for a year or more increased by 89,000 over the quarter, to 726,000, the highest figure since the quarter to July 1997.

However, in March the number of Jobseeker’s Allowance claimants fell by 32,900, to 1.54 million.

The decline surprised analysts who had expected a fall of around 10,000 and possibly bodes well for the next set of unemployment statistics.

According to the Office for National Statistics (ONS) the UK’s unemployment rate stands at 8%, up 0.1% on the quarter and at its highest since the three months to September 1996.

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Tags: , Job Seekers, , , risen, UK unemployment, youth