Unemployment reaches 2.5 million

unemplyment soares 150Increase in UK unemployment may see the creation of a lost generation

Figures published last week by the Office for National Statistics showed the rise in people out of work increased by 49,000 in three months to November.

Kevin Green, the Recruitment and Employment Confederation said “The overall increase in unemployment is in line with the REC’s own forecasts.

What is particularly concerning about the figures is the growth of 32,000 in the number of 16 to 24 year olds not in work which has now hit an all-time high of 951,000. The UK is in serious danger of creating a lost generation of young people who are not in work, training or education.

“The REC’s Youth Employment Taskforce made many robust recommendations towards the end of last year, one of these being our call to Government to stimulate and incentivise private sector employers to hire young people.

This comes after the government declared itself ‘pro business’, ‘pro growth’ and ‘pro jobs’ which should make this a top priority for the sake of the long term health of the UK economy. Yet the UK is performing strongly against its EU counterparts, with the EU average of unemployed at 9.2 per cent.

Paul Kenny, general secretary of the GMB union, said: "These figures show what a dismally bleak landscape there is for the jobless and their families…, particularly for the young workers struggling to get into the labour market.

"If, as seems likely, the financial elite who caused this recession and its attendant havoc resume skimming their multimillion bonuses, anger will boil over.

"In the forthcoming pre-budget report the Government must not fail to take pre-emptive action to stop the financial elite adding insult to injury to those who are paying the price for their recklessness."

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