British Youth Unemployment New Record
LONDON – The number of unemployed in the UK in the period from July – September 2009 increased 30 thousand people. Although it has increased, but the percentage improvement in unemployment was the smallest since May 2008.
According to the Office of National Statistics (ONS) total unemployment in the UK in third-quarter 2009 reached 2.46 million people, equivalent to 7.8 percent of the country’s population. Of this amount, the unemployment rate among teenagers rose to 19.89 percent, the highest in history. The number of unemployed 16-24 year olds made a total of 15,000 grew 943,000 people.
The number of people who filed unemployment claims increased to 12,900 in October and 1.64 million people to people. Claim numbers are the lowest since the last 18 months. ONS data presented yesterday showed that the rate of termination of employment in the UK rose 71,000 to 618,000 people within three weeks until September 2009, the highest since last 12 years.
In the same period (July? September) the labor sector in the UK showed movement toward better where there are 6,000 people who get jobs to 618,000 people. This figure is the highest level in 12 years. RBS economist Ross Walker Financial Markets said that the latest data presented better than the government previously estimated.
He added, there are still some evidence of economic stabilization remains to be seen. Director of Operations Scientiam, a nonprofit training institution, Mandi O? Shea, said that a record number of unemployed youth in the UK is now the main concern institution. “Young people bear the brunt of this vicious recession. There’s young generation is missing, especially in the group aged 16 – 18 years, they were out of school and immediately disposed of the rubbish heap of unemployment,” he said.
Recession Continues
The increase in unemployment than 30 thousand II quarter 2009 made-one cause of the continuing recession in the country’s Queen Elizabeth. The increase in the number unemployed showed that England failed to get out of the recession in third-quarter 2009 due to its gross domestic product was still contracted 0.4 percent. According to the ONS, although the average income in the period from July to September rose beyond 1.8 percent bonus, but the percentage is the lowest since 2001
beitarnews | Finance | 11 14th, 2009 |












