Unemployment fails to break two million
Unemployment fails to break two million
Wednesday 11th February 2009
Unemployment in Britain rose to 1.97 million in the last three months of 2008, official statistics have shown.There had been fears figures from the Office for National Statistics would see the number of jobless exceed two million for the first time since New Labour came to power.
The unemployment rate of 6.3 per cent is still the highest since 1998 following a host of high-profile lay-offs, the most recent being the announcement that 2,300 jobs were to be cut at Royal Bank of Scotland.
Employment minister Tony McNulty said the figures were "very disappointing" but warned they did not represent the nadir of the jobs market.
The figures, which come ahead of an employment summit chaired by Gordon Brown, showed the number of jobless people rose by 146,000 in the last three months of last year, while a further 73,800 began taking jobseekers' allowance, taking the total to 1.23 million.
According to the TUC, Britain's unemployment rate is now rising at the fastest rate across the European Union.
"The UK began the global recession with a relatively strong jobs position, but our advantage is beginning to disappear as redundancies mount," said TUC general secretary Brendan Barber.
"British workers are among the easiest and cheapest to lay off in Europe - and when they find themselves out of work they get some of the poorest treatment."
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