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Unemployment poised to rise again Unemployment poised to rise again
(30 minutes later)
The number of people out of work is expected to rise again when the latest UK unemployment figures are released by the Office for National Statistics.The number of people out of work is expected to rise again when the latest UK unemployment figures are released by the Office for National Statistics.
The jobless rate increased by 281,000 to 2.38 million in the three months to May - the highest jump since 1995.The jobless rate increased by 281,000 to 2.38 million in the three months to May - the highest jump since 1995.
More clues on the health of the economy will be revealed in the Bank of England's quarterly inflation report.More clues on the health of the economy will be revealed in the Bank of England's quarterly inflation report.
It will also provide more details on quantitative easing - its policy of injecting cash into the economy.It will also provide more details on quantitative easing - its policy of injecting cash into the economy.
Meanwhile, the Financial Services Authority is to publish a code of conduct for bank salaries and bonuses.Meanwhile, the Financial Services Authority is to publish a code of conduct for bank salaries and bonuses.
FROM THE TODAY PROGRAMME More from Today programmeFROM THE TODAY PROGRAMME More from Today programme
Its head, Hector Sants, warned banks against returning to the days of risky bonuses.Its head, Hector Sants, warned banks against returning to the days of risky bonuses.
Chief executive Mr Sants told the BBC he did not expect "multi-year guarantees" to be paid.Chief executive Mr Sants told the BBC he did not expect "multi-year guarantees" to be paid.
'Saddled with debt''Saddled with debt'
The latest official unemployment figures are being released amid protests in Leeds about the problems facing unemployed youngsters. There is rising concern about youth unemployment, which Business Secretary Lord Mandelson said the government needs the help of businesses to tackle.
A group called the Youth Fight for Jobs Campaign says there is a lack of training and affordable housing. The current jobless rate is about one in six for 18 to 24-year-olds, not far behind the highest tally of 17.8% in March 1993.
Work experience, mentoring and internships are needed to avoid a generation "lost to work", Lord Mandelson told the BBC.
"This is something the whole country has got to rally to. We need public and private employers, as well as those in the third sector, to help us mount this national campaign to back young Britain."
A group called the Youth Fight for Jobs Campaign says there is a lack of training and affordable housing for younger people.
Campaigner Manuel Dominguez said: "It's about highlighting that there's a problem, and also saying to the government, and local MPs, and councillors, what are you going to do about it?Campaigner Manuel Dominguez said: "It's about highlighting that there's a problem, and also saying to the government, and local MPs, and councillors, what are you going to do about it?
FROM THE TODAY PROGRAMME More from Today programmeFROM THE TODAY PROGRAMME More from Today programme
"Young people don't get proper training, a lot of working class young people get put off from going to university and being saddled with debt.""Young people don't get proper training, a lot of working class young people get put off from going to university and being saddled with debt."
The current jobless rate is around one in six for 18 to 24 year olds, not far behind the highest ever tally of 17.8% in March 1993.
A new crop of school leavers and university graduates will join the jobs market this summer.A new crop of school leavers and university graduates will join the jobs market this summer.
The Bank of England is to reveal later how it thinks economic output will perform over the next two years when it publishes its quarterly inflation report. The Bank of England is to reveal later how it thinks the economy will perform over the next two years when it publishes its quarterly inflation report.
Last week the Bank kept interest rates on hold at 0.5%, but injected another £50bn into the economy.Last week the Bank kept interest rates on hold at 0.5%, but injected another £50bn into the economy.


Have you recently lost your job? Are you worried about your job security? Or have you managed to find work again after being made unemployed?Have you recently lost your job? Are you worried about your job security? Or have you managed to find work again after being made unemployed?
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