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Unemployment poised to rise again | Unemployment poised to rise again |
(about 2 hours later) | |
The number of people out of work is expected to rise again when the latest unemployment figures are released by the Office for National Statistics. | The number of people out of work is expected to rise again when the latest unemployment figures are released by the Office for National Statistics. |
The jobless rate increased by 281,000 to 2.38 million in the three months to May - the highest jump since 1995. | The jobless rate increased by 281,000 to 2.38 million in the three months to May - the highest jump since 1995. |
More clues on the health of the economy will be revealed in the Bank of England's quarterly inflation report. | More clues on the health of the economy will be revealed in the Bank of England's quarterly inflation report. |
It will also provide more details on quantitative easing - its policy of injecting cash into the economy. | It will also provide more details on quantitative easing - its policy of injecting cash into the economy. |
Meanwhile, the Financial Services Authority is to publish a code of conduct for bank salaries and bonuses. | Meanwhile, the Financial Services Authority is to publish a code of conduct for bank salaries and bonuses. |
It's about saying to the government, what are you going to do about it? Manuel Dominguez Youth Fight for Jobs Campaign | It's about saying to the government, what are you going to do about it? Manuel Dominguez Youth Fight for Jobs Campaign |
Its head, Hector Sants, warned banks against returning to the days of risky bonuses. | Its head, Hector Sants, warned banks against returning to the days of risky bonuses. |
Chief executive Mr Sants told the BBC he did not expect "multi-year guarantees" to be paid. | Chief executive Mr Sants told the BBC he did not expect "multi-year guarantees" to be paid. |
The latest official unemployment figures are being released amid protests in Leeds about the problems facing unemployed youngsters. | The latest official unemployment figures are being released amid protests in Leeds about the problems facing unemployed youngsters. |
A group called the Youth Fight for Jobs Campaign says there is a lack of training and affordable housing. | A group called the Youth Fight for Jobs Campaign says there is a lack of training and affordable housing. |
Campaigner Manuel Dominguez said: "It's about highlighting that there's a problem, and also saying to the government, and local MPs, and councillors, what are you going to do about it? | Campaigner Manuel Dominguez said: "It's about highlighting that there's a problem, and also saying to the government, and local MPs, and councillors, what are you going to do about it? |
"Young people don't get proper training, a lot of working class young people get put off from going to university and being saddled with debt." | "Young people don't get proper training, a lot of working class young people get put off from going to university and being saddled with debt." |
The current jobless rate is around one in six for 18 to 24 year olds, not far behind the highest ever tally of 17.8% in March 1993. | The current jobless rate is around one in six for 18 to 24 year olds, not far behind the highest ever tally of 17.8% in March 1993. |
A new crop of school leavers and university graduates will join the jobs market this summer. | A new crop of school leavers and university graduates will join the jobs market this summer. |
The Bank of England is to reveal later how it thinks economic output will perform over the next two years when it publishes its quarterly inflation report. | The Bank of England is to reveal later how it thinks economic output will perform over the next two years when it publishes its quarterly inflation report. |
Last week the Bank kept interest rates on hold at 0.5%, but injected another £50bn into the economy. | Last week the Bank kept interest rates on hold at 0.5%, but injected another £50bn into the economy. |
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