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Worrisome ! Number of unemployed people in UK rise exponentially

The economy crisis in UK continues to spell bad news for all sectors. Just how bad things are can be understood from the rate of jobless that has risen from 7.7% to 7.95.

According to a BBC report, “The number of people unemployed in the UK rose by 38,000 to 2.49 million in the three months to June.”

a) The official figures show that between April and June :
b) The youth unemployment rate rose to 20.2%, up from 20% in the quarter to March
c) There were 949,000 16 to 24-year-olds without work, a rise of 15,000
d) The number of unemployed men increased by 18,000 to 1.45 million
e) The level of unemployed women rose by 21,000 to 1.05 million – the highest figure since May 1988
f) The number of employees working part-time because they could not find a full-time job increased by 83,000 to 1.26 million – the highest figure since comparable records began in 1992
g) The unemployment rate remained the highest in the north-east of England, at 10%
The south-east of England still had the lowest rate of unemployment, with a rate of 5.8%

These latest figures have increased unrest and fears among economists, who see the crisis deepening for UK in the near future.

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