UK's unemployment count climbs to 2.47 mn

Image
Press Trust of India London
Last Updated : Jan 21 2013 | 3:13 AM IST

The number of unemployed people in the UK rose to 2.47 million for the three months to April, pushing the jobless rate to 7.9 per cent during the same period.

Moreover, the number of people without a job for over 12 months shot up to 772,000, the highest in 13 years.

"The number of unemployed people increased by 23,000 over the quarter to reach 2.47 million," the Office for National Statistics said in a statement today.

Going by the latest data, the unemployment rate rose by 0.1 per cent to 7.9 per cent for the three months to April.

The disappointing figures come at a time when the UK economy, one of the worst hit by the financial meltdown in 2008-09, is witnessing a fragile recovery.
    
Indicating that the country's labour market remains shaky, the number of people unemployed for more than twelve months "increased by 85,000 over the quarter to reach 772,000, the highest figure since the three months to April, 1997."
    
On the other hand, the number of individuals in the UK seeking jobless allowance fell by 30,900 between April and May to 1.48 million.
    
"This is the first time the claimant count has been below 1.5 million since March, 2009," the statement noted.
    
Meanwhile, the unemployment rate in the OECD area, a grouping of mostly developed nations that includes the UK, stood at 8.7 per cent in April.
    
According to the Organisation for Economic Cooperation and Development (OECD), the highest unemployment rate in April was seen in Spain (19.7 per cent) and the Slovak Republic (14.1 per cent), among others.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 16 2010 | 7:20 PM IST

Next Story