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UK unemployment climbs to 2.44m | UK unemployment climbs to 2.44m |
(10 minutes later) | |
The number of people out of work in the UK has risen to its highest level since 1995, official figures have shown. | The number of people out of work in the UK has risen to its highest level since 1995, official figures have shown. |
Unemployment increased by 220,000 to 2.44 million in the three months to June, taking the jobless rate to 7.8%. | Unemployment increased by 220,000 to 2.44 million in the three months to June, taking the jobless rate to 7.8%. |
Meanwhile the claims for unemployment benefit in July grew by 24,900 from June to 1.58 million. | Meanwhile the claims for unemployment benefit in July grew by 24,900 from June to 1.58 million. |
Average earnings, excluding bonuses, grew at its slowest rate since records began in 2001, the Office for National Statistics said. | |
The figures come ahead of the Bank of England's quarterly inflation report which will offer more clues on the health of the UK economy. | The figures come ahead of the Bank of England's quarterly inflation report which will offer more clues on the health of the UK economy. |
"There doesn't seem to be much sign that the rate of increase [in unemployment] is slowing down," said Stephen Lewis, chief economist at Monument Securities. | |
'Lost to work' | |
According to BBC calculations based on ONS data, unemployment among 18-24 year olds has risen to 12.4%. | |
There is rising concern about youth unemployment, which Business Secretary Lord Mandelson said the government needs the help of businesses to tackle. | |
Work experience, mentoring and internships are needed to avoid a generation "lost to work", Lord Mandelson told the BBC. | |
"This is something the whole country has got to rally to. We need public and private employers, as well as those in the [charity] sector, to help us mount this national campaign to back young Britain." | |
FROM THE TODAY PROGRAMME More from Today programme | |
A group called the Youth Fight for Jobs Campaign says there is a lack of training and affordable housing for younger people. | |
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." | |
A new crop of school leavers and university graduates will join the jobs market this summer. | |
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