Unemployment rises to 2.5 million – a 17-year high
March 17, 2011 Leave a comment
Unemployment has risen to 2.53 million, the highest it has been since 1994, with the rate of youth unemployment soaring to a 20-year peak. Ministers, however, are keen to highlight the expansion in private-sector employment over the past year, up 428,000 and in line with the Coalition’s aim of “rebalancing” the economy. One factor may be that record numbers of older people are working beyond retirement age. The Office for National Statistics points to a rise of 200,000 in the number of over 65-year-olds in work since 2009, bringing the total to 900,000.
Michelle, Account Manager