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Long-term jobless rates 'soaring'
Friday April 20th 2012
The number of people who have been out of work for more than a year will have reached almost a million by the end of 2012, according to new estimates.
An additional 107,000 people will fall into the long-term unemployed category over the coming months and that will take the total to its highest level since 1995, said the IPPR think tank.
Tony Dolphin, chief economist at the IPPR, referred to long-term joblessness as the "hidden crisis" of the economic slump and said that we are currently experiencing "the slowest ever economic recovery in the UK".
The figures from the IPPR were published after a flurry of redundancy announcements, which affect almost 800 jobs.
"On current progress, just two-thirds of people out of work for a year will not get work in the following two years. Government policy is not keeping pace with joblessness," Mr Dolphin commented.
Copyright Press Association 2012
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