12 November 2009

Unemployment rising at slower rate

UK unemployment fell to 7.8% in the quarter to September, down from 7.9% in the April-June period, according to the Office for National Statistics.

The number of unemployed people increased by 30,000 to 2.46m, the lowest quarterly increase since March-May 2008, while the number of people in employment rose by 6,000 to 28.93m.

Secretary of State for Work and Pensions, Yvette Cooper, says the government is committed to tackling youth unemployment by creating 35,000 new jobs: “The figures show more people in work and a lot more young people taking up our offer of full-time education and training, which is welcome news.

“The fact that unemployment is significantly lower than everyone forecast at the beginning of the year shows the support for the economy is making a real difference. But we know things are still tough for a lot of families, and unemployment is expected to increase further next year. That’s why we’re determined to do more with an extra 35,000 youth jobs, more apprenticeships and education places so we can guarantee no young person gets stuck in long term unemployment.”... read more

The Recruiter, November 09

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