Wednesday, 17 December 2008

Marry Christmas

The number of people out of work and claiming Jobseeker's Allowance jumped by 75,700 in November from the previous month - much more than expected - to hit 1.07 million, figures from the Office for National Statistics showed this morning. It was the biggest monthly rise since March 1991 and bigger than the 45,000 increase expected by most economists in the City.

Vicky Redwood at Capital Economics described the surprisingly large jump in unemployment as "shocking". "It far exceeded expectations and was above that symbolic 1 million mark," she said.

Marry Christmas Everyone?

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