Britain has 2.47m unemployed
By Robert Barr |
October 15, 2009, Thursday
|
Print Edition
Print Edition
UNEMPLOYMENT in Britain was 7.9 percent in the three months to August, little changed from the three-month rate reported in September, the Office for National Statistics said yesterday.
Compared with the three months to May, when the unemployment rate was 7.6 percent, 88,000 more people were out of work.
The agency said a total of 2.47 million people were unemployed in the June-August period, unchanged from the May-July quarter.
Although the pace of job losses slowed down in August, the unemployment rate is up sharply from a year earlier - in the June-August quarter of 2008 it stood at 5.8 percent.
Yvette Cooper, the government's work and pensions secretary, said it was hard to forecast how unemployment would develop. "It does look as if the economy is behaving in a different way compared to the early 1990s," she told a House of Commons committee yesterday.
"That may mean that there is a shorter gap between the economy starting to grow and unemployment starting to come down."
In a possible sign of stabilization in the economy, the report said the 434,000 job vacancies was unchanged from the March-May quarter.
"Bad as these figures are, there are some tentative signs of a very fragile recovery in the economy," said Paul Kenny, general secretary of the GMB union.
Compared with the three months to May, when the unemployment rate was 7.6 percent, 88,000 more people were out of work.
The agency said a total of 2.47 million people were unemployed in the June-August period, unchanged from the May-July quarter.
Although the pace of job losses slowed down in August, the unemployment rate is up sharply from a year earlier - in the June-August quarter of 2008 it stood at 5.8 percent.
Yvette Cooper, the government's work and pensions secretary, said it was hard to forecast how unemployment would develop. "It does look as if the economy is behaving in a different way compared to the early 1990s," she told a House of Commons committee yesterday.
"That may mean that there is a shorter gap between the economy starting to grow and unemployment starting to come down."
In a possible sign of stabilization in the economy, the report said the 434,000 job vacancies was unchanged from the March-May quarter.
"Bad as these figures are, there are some tentative signs of a very fragile recovery in the economy," said Paul Kenny, general secretary of the GMB union.
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