UK unemployment figures 2009

Because changes in unemployment lag behind an increase in job output , unemployment rates will keep on increasing in 2009 even if Britain’s economy stabilises and stop contracting immediately.

The UK’s unemployment rate is rising markedly signs of recovery is bleak. At the end of 2008 6.3% of workers were jobless, up from 5.2% unemployed in 2007. New figures will be out next week on the 18th however signs indicate a high likelihood that unemployment will rise above 2 million for the first time in more than a decade.

An economic collapse of this size is bound to hit the jobs market very hard. According to Manpower, the global employment-services firm, 23 out of the 33 countries it cover, companies’ hiring scope are the weakest on record.

More up to date figures on the UK’s unemployment state will be published here next week.

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One Response to “UK unemployment figures 2009”

  1. e-lottery says:

    I think unemployment will push throught 2.5 million in 2009.

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