The
number of unemployed in the UK has risen by 80,000 to 2.51 million
in the three months to
July
This increase of 80,000 is the largest
increase in nearly 2 years according to the Office for National
Statistics. The unemployment rate now stands at 7.9%, with youth
unemployment rising by 78,000 to 973,000.
The total claiming jobseekers allowance has
hit 1.58 million, with the number in employment standing at 29.17
million.
"Clearly this is a very unwelcome set of
figures. Any increase in unemployment is something we really don't
want to see happen," said Employment Minister Chris Grayling.
The government is looking towards the private
sector to offset the job losses in the public sector because of the
spending cuts to reduce the UK’s debt levels. This data shows that
the slow down of the economic recovery is having severe affects on
the labour market.
While the latest figures for the public sector
showed a fall of 110,000 between March and June, the number of
people employed in the private sector rose by 41,000. The ONS also
outlined that total pay for the three months to July rose by 2.8%
with bonuses rising by 2.1%.
Many businesses in the UK feel the government
needs to instigate a jobs growth programme to stimulate economic
growth. The current problem within the labour market means many
graduates are been ignored for skilled jobs and businesses are
looking for experience which means we may lose a generation of
graduates.
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