Home » UK Economy

Unemployment hits 14-year high at 2.38 million

15th July 2009 By Sten No Comment

Unemployment in the UK climbed by a record 281,000 to hit 2.38 million in the three months to May, the highest level since October 1995, the Times reports.

The bigger-than-expected jump in unemployment, which includes those not claiming jobless benefits, is the largest rise since records began in 1971.

The jobless rate has climbed to 7.6 per cent — the highest since January 1997.

Economists say that unemployment is likely to continue to rise while Britain continues to languish in recession.

There’s nothing more to do than bow and thank Labour for the magnificent job they’ve done.

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