Don't miss

Replay


LATEST SHOWS

WEB NEWS

Story of handicapped motorcycle rider inspires web users

Read more

ENCORE!

How French women wash

Read more

DEBATE

Soft on smacking? France slammed for not banning corporal punishment (part 1)

Read more

DEBATE

Soft on smacking? France slammed for not banning corporal punishment (part 2)

Read more

MEDIAWATCH

To smack or not to smack?

Read more

BUSINESS DAILY

Managing expectations: China cuts growth targets as slowdown continues

Read more

IN THE PAPERS

'What black man holds job four years'

Read more

IN THE PAPERS

Ruling Socialists 'fear historic defeat' in upcoming elections

Read more

FOCUS

French Muslims refuse to be scapegoats for extremists

Read more

Business

British unemployment rises for 11th straight month

Latest update : 2009-01-21

The number of jobless people in the United Kingdom rose for an 11th consecutive month in December as cash-strapped firms scrambled to cut costs. The country's unemployment rate is now more than six percent.

REUTERS - The number of Britons out of work and claiming benefit rose for an eleventh consecutive month in December while the total number out of work approached the two million mark, official data showed on Wednesday.

 

The jump of 77,900 was slightly less than analysts had forecast.

 

The Office for National Statistics said the broader ILO measure of unemployment, which includes those out of work but not claiming benefit, rose to 6.1 percent from 6.0 percent, its highest rate since the three months to April 1999.
 

The figures confirm anecdotal evidence that the pace of redundancies is picking up as banks pull credit lines, forcing firms to take dramatic cost saving measures.

Date created : 2009-01-21

COMMENT(S)