U.K. unemployment rises above 2 million in Nov.-Jan. period

Discussion in 'Economics' started by ASusilovic, Mar 18, 2009.

  1. The tally of unemployed British workers rose to 2.03 million in the November-to-January period for an unemployment rate of 6.5% when measured by International Labor Organization standards, the Office for National Statistics reported Wednesday. The number of unemployed rose by 165,000 from the previous three months and the unemployment rate jumped from 6%. The number of people claiming jobless benefits in February 2009 rose by a record 138,400 from January to 1.39 million. Economists had expected a rise in claimants of 87,500.