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Unemployment reaches 11-year high | Unemployment reaches 11-year high |
(10 minutes later) | |
The number of people out of work in the UK in the three months to September jumped by 140,000 to 1.82 million - the highest in 11 years. | The number of people out of work in the UK in the three months to September jumped by 140,000 to 1.82 million - the highest in 11 years. |
The unemployment rate rose to 5.8%, up from 5.4% in the previous quarter, according to official figures. | The unemployment rate rose to 5.8%, up from 5.4% in the previous quarter, according to official figures. |
The number of people claiming the Jobseeker's Allowance rose by 36,500 to 980,900 in October - the highest monthly increase since 1992. | The number of people claiming the Jobseeker's Allowance rose by 36,500 to 980,900 in October - the highest monthly increase since 1992. |
Economists say unemployment could top two million within months. | |
The number of manufacturing jobs fell to 2.86 million, the lowest figure since records began in 1978. | The number of manufacturing jobs fell to 2.86 million, the lowest figure since records began in 1978. |
TUC general secretary Brendan Barber said: "The signs are that redundancies are coming even faster since these figures were collected. Countering unemployment must be public policy priority number one." | |
The UK labour market is about to suffer the consequences of the once-in-a-generation financial crisis Graeme Leach, Institute of Directors class="" href="/1/hi/business/7684846.stm">How to cope during the downturn class="" href="/1/hi/business/7687167.stm">How to negotiate during redundancy | |
ING economist James Knightley said that the last recession in the early 1990s saw 31 consecutive monthly rises in unemployment. | ING economist James Knightley said that the last recession in the early 1990s saw 31 consecutive monthly rises in unemployment. |
"We are likely to have plenty more bad news on the labour market to come," he warned. | "We are likely to have plenty more bad news on the labour market to come," he warned. |
He said the number of those out of work would "push towards 2.5 million in 2010". | He said the number of those out of work would "push towards 2.5 million in 2010". |
Union pleas | |
Derek Simpson, joint general secretary of the Unite trade union, called for a programme of government intervention. | Derek Simpson, joint general secretary of the Unite trade union, called for a programme of government intervention. |
"Only urgent and widespread action by government to protect jobs and homes will help hard-pressed families through the worst of this global turmoil," he said. | "Only urgent and widespread action by government to protect jobs and homes will help hard-pressed families through the worst of this global turmoil," he said. |
GMB general secretary Paul Kenny said: "The chancellor is right to spend money to keep people in work rather than spend money on unemployment benefit." | GMB general secretary Paul Kenny said: "The chancellor is right to spend money to keep people in work rather than spend money on unemployment benefit." |
"He needs to keep the pedal to the metal in terms of spending on regeneration," he said. | "He needs to keep the pedal to the metal in terms of spending on regeneration," he said. |
Graeme Leach, of the Institute of Directors, said unemployment could rise to 2.8 million by 2010. | |
"The UK labour market is about to suffer the consequences of the once-in-a-generation financial crisis," he said. | |
Jobless totals | |
The so-called claimant count - those claiming Jobseeker's Allowance - has now increased for nine months in a row and is 154,800 higher than a year ago. | |
The number of people in work fell by 99,000 to 29.4 million and vacancies were down by 40,000 to 589,000, according to the Office for National Statistics. | |
The unemployment rate of 5.8% is the highest since early 2000, while the number of people looking for work has jumped by 182,000 over the past year. | |
The number of unemployed men was 1.07 million, up 85,000 over the latest quarter, while 55,000 more women joined the ranks of the unemployed, up to 750,000. | |
Unemployment among 18 to 24-year-olds increased by 53,000 to 579,000, the highest figure since 1995. | |
Long-term unemployment has also increased, with the numbers out of work for longer than a year up by 20,000 to 435,000. | |
These latest figures do not take into account recent job loss announcements, including news of more than 5,000 cuts on Tuesday by firms including Virgin Media, Yell and GlaxoSmithKline. |