U.K. Unemployment Soars, Jobless Young Top 1M
By Svenja O’Donnell - Nov 16, 2011 5:02 AM ET
U.K. unemployment jumped in the third quarter as joblessness among young people climbed above 1 million for the first time since at least 1992.
Unemployment as measured by International Labour Organization standards rose by 129,000 to 2.62 million, the biggest increase since 2009, the Office for National Statistics said in London today. The jobless rate climbed to a 15-year high of 8.3 percent. The number of unemployment-benefit claims rose 5,300 to 1.6 million in October. Economists had forecast an increase of 21,000, according to the median of 24 estimates in a Bloomberg News survey.
more:
http://www.bloomberg.com/news/2011-11-16/u-k-unemployment-soars-jobless-young-top-1m.html

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