14/03/2012

Unemployment Rises By 28,000

According to figures from the Office for National Statistics (ONS) UK unemployment rose by 28,000 to 2.67 million during the three months to January.

The unemployment rate for January was 8.4%, up from 8.3%. Between 16-24 year olds unemployment rose by 16,000 to 1.042m, a rate of 22.5%. The number of people claiming jobseekers allowance also increased by 7,200 to 1.61m in February.

The rise however was the lowest in almost a year.

The ONS figures also showed a small increase in the number of people in work - up by 9,000 in the three months to January.

"The unemployment figures aren't too bad in the sense that the level of joblessness remains high, but the level appears to have flattened out," said Philip Shaw from Investec.

(H)


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