18 March 2011

Number Of Jobless People In The UK Reaches A Seventeen Year High

Unemployment has reached a seventeen year high according to a recent study. More than 2.5 million people are without jobs at present. Youth unemployment levels have also reached a record high. The number of 16-24 year olds who are out of work rose from 30,000 to 974,000 over the past five months.

Between November 2010 and January 2011, 27,000 more people registered as unemployed: The last time unemployment levels were this high was in 1994.

There are now real worries that more and more families will fall into debt as there simply are not enough jobs being generated to support the population.

The Employment Minister Chris Grayling made the following statement: “There’s been a welcome drop in the number of people on benefits and an increase in full time private sector jobs but the rise in overall unemployment is a real concern”.

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