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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. | |
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. | |
Average earnings growth, excluding bonuses, is at the lowest level 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. | |
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. |