Thursday, 18 December 2008

1.86m without jobs

UNEMPLOYMENT is set to soar above TWO MILLION in the New Year as Britain’s economy suffered its darkest day on Wednesday with the announcement of the latest official figures that show the total rose by 137,000 in the three months to October. It now stands at 1.86million — the highest level for more than a decade.
The number out of work and claiming the dole rose by 75,700 to 1.07million, the sharpest rise since 1991.
Administrators said Woolworths would shut for good on January 5 — throwing a further 27,000 out of work — unless they receive a last-ditch bid for the store chain. Transport giant National Express announced it was shedding 750 jobs. And experts warned 40,000 jobs are at risk in the car components industry.

Employment Minister Tony McNulty said there was “a wide range of jobs” available in Jobcentres across the country.
But yesterday’s job figures — released by the Office for National Statistics — showed a drastic fall in vacancies.
The number fell by 49,000 between August and October to leave a total of 562,000 vacancies, the lowest on record.

The figures show that 438,000 people have been out of work for at least a year. And unemployment among 18-24 year-olds rose by 55,000 to 597,000 — the highest figure since 1995.
The number of jobs in manufacturing fell by 73,000 to 2.83million, the lowest total since records began in 1978.

One in three would be unable to pay their mortgage and other debts within two months of losing their job, a survey revealed yesterday. Just 26 per cent of people have insurance to cover loan payments if they are out of work.

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