Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Gaza: A Truce At All Costs?

Read more

AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

Read more

FOCUS

Sluggish tourist season in Crimea

Read more

ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

Read more

IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

Read more

IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

Read more

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

#TECH 24

Mind the Gender Gap : getting more women into the tech sector

Read more

INSIDE THE AMERICAS

Bolivian children: heading to work aged 10

Read more

  • Air Algérie crash site located, France sending military unit

    Read more

  • Air Algérie crash: 'We should eliminate the missile hypothesis'

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Pope meets with Sudanese Christian woman sentenced to death for apostasy

    Read more

  • Italy’s Nibali cruises to easy victory in 18th stage of Tour de France

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • US, European aviation agencies lift travel restrictions to Tel Aviv

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    Read more

  • Two foreign women shot dead in western Afghanistan

    Read more

  • At least 60 killed in attack on prison convoy near Baghdad

    Read more

  • Cycling is ‘winning the war on doping,’ says expert

    Read more

  • Ceasefire agreed for Central African Republic

    Read more

  • Can Jew-kissing-Arab selfie give peace a viral chance?

    Read more

  • Botched Arizona execution takes nearly two hours

    Read more

Europe

UK unemployment hits 12-year high

Text by NEWS WIRES

Latest update : 2009-07-15

Britain's unemployment rate hit 7.6% in the three months to May, its highest level since January 1997, according to official data. However, the number of people claiming unemployment benefit rose at a slower pace in June than expected.

Reuters - British unemployment hit its highest rate since January 1997 in the three months to May, although the number of people claiming jobless benefit rose by much less than expected last month, data showed on Wednesday.

 

The Office for National Statistics said claimant count unemployment rose by 23,800 in June, much less than analysts’ forecasts for a rise of 40,500. Nonetheless, the claimant count rate rose to 4.8 percent, its highest since November 1997.

 

The wider ILO measure of unemployment rose by 281,000 in the three months to May, the biggest quarterly increase since records began in 1971, taking the jobless rate up to 7.6 percent.

 

That was the highest since January 1997 and exceeded forecasts for a rise to 7.4 percent.

 

The data will reinforce policymakers’ caution about the timing and strength of any economic recovery, despite signs that the slump in activity may be over.

 

“I think the growing divergence between the claimant count and labour survey numbers is important and I can’t take much encouragement in the smaller rise in jobless claims when the economy is shedding so many jobs,” said Ross Walker at RBS.

 

Sterling pared gains against the dollar and dipped further against the euro after the figures were released.

 

The ONS said the number of people in work fell by 269,000 in the three months to May, the steepest decline since records began in 1971.

 

“I don’t think we’re going to see any significant improvement in this data any time soon,” Walker said.

 

Average earnings including bonuses rose at their fastest pace since December, up 2.3 percent in the three months to May compared with a year ago. Excluding bonuses, however, average pay rose 2.6 percent in the three months, the lowest since records began in 2001.
 

Date created : 2009-07-15

COMMENT(S)