Wikinews

UK unemployment rate reaches thirteen-year high

Wednesday, September 16, 2009

2008–09 financial crisis



More articles about the 2008-09 financial crisis on Wikinews:

Data released on Wednesday from the British government says that the unemployment rate in the United Kingdom has reached its highest level in thirteen years, with the jobless rate at 7.9%.

... the outlook for the labour market remains far from encouraging.

—Howard Archer, Global Insight

2.47 million people are now out of work in the UK, up 210,000 or 0.7% in the quarter leading to July. The unemployment level has not been this high since November 1996.

Young people, aged 16 to 24 years old, have been affected the most by the recession, with 947,000 having been out of jobs, the highest level recorded.

Some economic analysts have suggested that the jobless rate may eventually reach three million, even if layoffs slow.

"While the deepest job losses are now probably over, the outlook for the labour market remains far from encouraging. Doubts and concerns over the strength and sustainability of any recovery are likely to encourage businesses to keep their labour forces as tight as possible," economic forecaster Howard Archer for Global Insight said.


Sources

 

Share this:           


 

This page is archived, and is no longer publicly editable.

Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.


Retrieved from "https://en.wikinews.org/w/index.php?title=UK_unemployment_rate_reaches_thirteen-year_high&oldid=885787"