Unemployment hits 11-year high - papers 12 Nov


Unemployment reached an 11-year high today when another huge increase in the numbers looking for work edged the total closer to the two million mark, The Independent reports.

Official figures for the three months to September showed that 1.82 million people were out of work, an increase of 140,000 from the previous quarter. It was the highest figure since the end of 1997 and confirmed the fears of unions and analysts that the politically-sensitive two million mark would soon be breached. The number of people claiming jobseekers allowance rose by 36,500 last month to 980,900, the highest figure since the spring of 2001 and the worst monthly increase since 1992. BORROWERS TAKING OUT POPULAR tracker mortgages in the wake of the global credit crisis are paying ...

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