Monday, May 7, 2012

Jobless rate in UK set to rise for next 5 years to highest level since 1995 - @itvnews

A new report predicts that unemployment will rise for the next five years in most parts of the UK, reaching the highest level since 1995.

15 minutes ago

'Five more years of pain' for UK job market

Rob Harbron, one of the authors of the CEBR report into unemployment, said:

Five more years of pain are expected for much of the UK, with unemployment continuing to rise in almost every region. The outlook is tough for UK households, particularly those in places with a high dependency on public sector employment. Family budgets are being squeezed between the pressures of rising unemployment, low earnings growth and stubbornly high inflation.

24 minutes ago

'Joblessness to hit Wales, the North East, Scotland and Northern Ireland hardest'

A woman passes an unemployment centre Credit: REUTERS/Luke MacGregor

The areas hardest hit by rising unemployment will be Wales, the North-East and Scotland due to high proportion of public sector jobs, according to a new report.

Northern Ireland, where almost a third of workers are employed in the public sector, will also be badly affected.

In contrast, the labour market in the south east of England is expected to remain "relatively buoyant" over the next few years.

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33 minutes ago

'Jobless rate set to rise for another five years'

Unemployment will continue rising for the next five years in most parts of the UK, according to a report by The Centre for Economics and Business Research (CEBR).

The jobless rate is forecast to increase to 10.7% by 2016 compared with the current 8.3%, leaving it higher than at any time since 1995.

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