Wednesday, August 17, 2011

UK unemployment grows at fastest rate


Source: Press TV
http://www.presstv.ir/detail/194371.html

The number of British jobless benefit claimants has risen at the fastest monthly speed since May 2009 casting further doubt upon government's economic policies.

British unemployment rate has increased by 38,000 over the three months to the end of June making the British economy see its largest jump in the number of unemployment claimants since spring 2009.

Figures released by the Office for National Statistics show that 2.49 million British people were unemployed in the three months to June that indicated a 400,000 increase compared to the first quarter of the year.

The increase in the number of British people claiming jobseeker's allowance indicated a sharp decrease in public sector jobs as the number of unemployed woman rose to its highest level in over 15 years. During the three months to June, 21,000 women lost their jobs.

While British Prime Minister, David Cameron, was hoping that the government's spending cuts would be balanced by a recovery initiated by the private sector, analysts warn that the slow growth of the British economy damages business confidence which, in turn, deters firms from hiring new employees.

Daniel Callaghan, a director at recruitment group MBA, warned of a gloomier situation for the British economy stating that the confidence in the business market is at its lowest level.

"Banking sector recruitment has been frozen and confidence is low in the business market. There is a distinct reluctance among many firms to take on skilled, full-time employees," said Callaghan.

Figures released by the Office for National Statistics showed a 15,000 rise in the number of jobless 16 to 24-year-olds between April and June. Furthermore, the number of part-time employees who could not find a full time job rose by 83,000.

British Chancellor, George Osborne, admitted that the released figures were “disappointing” as he said they did not surprise him. Furthermore, Shadow Employment Minister, Stephen Timms, said the figures were “very worrying” acknowledging, “The momentum for growth has so clearly run out.”

No comments:

Post a Comment

Thanks for commenting on this post. Please consider sharing it on Facebook or Twitter for a wider discussion.

Russian / Ukraine War - (Mar 08th, 2024)

How the Ukraine War Changed the World - (Mar 01st, 2024)

Redacted - Egypt's betrayal of Palestine - Vanessa Beeley

CrossTalk | Magical thinking - (Feb 28th, 2024)

Hillary Clinton Interrupted & Called Out in Berlin

We don’t want war with Israel, but if they impose it on us, we are ready – Hezbollah

ICJ delivers ruling in favour of South Africa

ICJ ruling | Court stops short of ordering Gaza ceasefire, demands that Israel prevent genocide

South Africa's Closing Argument Against Israel for Genocide at the ICJ

Wider Middle East war. US, UK strike Yemen

U.S., UK Start Another Unwinnable War In Yemen

Geopolitical Storm Brewing from Palestine to Ukraine

How the US Global Order is Challenged - With Pepe Escobar (Nov 20, 2023)

Shahid Bolsen - Message to the Israeli people

Roger Waters - To Whom It May Concern: Please Stop.

US policy slowing down China's economy w/ Jeffrey Sachs

Max Blumenthal s destroys RFKJr's outrageous Israelí Propaganda

Totalitarianism, Censorship and Syria with Peter Lavelle, Vanessa Beeley & Kevork Almassian

Putin shows treaty on Ukraine’s neutrality, signed by Kiev but dumped under Western pressure

Assad's speech at the Arab League Summit - what it means for the future of the region

Assad returns to Arab League

HUGE China brokered deal, Iran & Saudi Arabia restore diplomatic ties

Nord Stream pipeline & sabotaging peace w/Jeffrey Sachs

The Tragedy of Ukraine

Historical Events that Led to the Start of the Ukraine Conflict

Your Wars Will Destroy the Planet - Roger Waters

Healthy Athletes suffer Heart Problems After Getting the Jab