Latest News

Lines are open
Mon/Fri: 8.30am - 6pm

0800 038 0830

Jobless total hits 17-year high

Thursday January 19th 2012

The number of people out of work has hit a 17-year high after a rise of 118,000 in unemployment figures.

The total sees a record number of young people out of work, with this having leapt to 2.68 million in the three months to November. This marks the worst figure since summer 1994, when the UK joblessness rate was 8.4%.

Numbers of unemployed 16-24-year-olds rose by 52,000 over the latest quarter to 1.04 million. This is the highest total since records began in 1992. Numbers claiming jobseeker's allowance in December went up by 1,200 to 1.6 million, the highest for a year, after the 10th consecutive monthly rise.

Meanwhile, more than a million working days were lost in November due to the public sector pensions strike, a 22-year high. The Office for National Statistics reported that the number of people in full-time employment dropped by 57,000 in the latest three months, although the number of part-time staff was boosted by 75,000.

Joblessness rose equally between men and women in the last quarter, while numbers of people out of work for longer than two years rose by 1,000 to 424,000.

Copyright Press Association 2012

How would you cope financially if you lost your job, fell seriously ill, or had an accident? Our great value Income Protection Insurance helps you plan for the unexpected and comes with added extras you won't always find with other insurers!