UK unemployment to reach 3 million

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A series of economic surveys has shown the jobs market in Britain is at its most declining state for three years, leaving a possible 3 million Britons without jobs.

A high level of unemployment reaching Britain today has not been seen since the early 1990s according to the latest survey of recruitment consultants by the Recruitment and Employment Confederation. Furthermore, the declining rate is at its fastest since July of 2009, The Guardian reported.

The total number of unemployed people according to official figures released last month stood at 2.61 million, making an unemployment rate of 8.2 percent.

Disappointing surveys like these come as, on Sunday 8 July, the British Business secretary Vince Cable accused banks of ‘throttling’ UK economic recovery.

Labour party figures, released on Sunday, showed that unemployment among British middle-aged women increased by 39 percent during the last 2 years as the younger generation of unemployed women (over-16s) saw a rise of 5 percent.

Bernard Brown, a partner of Klynveld Peat Marwick Goerdeler (KPMG), said: “The latest recruitment data comes as a sobering reminder that we're far away from a confident economic situation.”

"If this trend were to continue, there's a very real chance we could hit a 3 million unemployed figure in the UK in the not too distant future", he added

(press tv)

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