UK Unemployment at 11.2%

UK unemployment touched a 15-year high in February, with 2.5 million unemployed. The ranks of the unemployed increased by more than 43,000 in the the three months ending in February. Despite the increase in unemployed, the number of people claiming benefits fell by nearly 33,000, but according to analysts, this is due to individuals enrolled in new training programs.

“With private sector job creation still a long way off, the risk is that, while these students do not currently boost measured unemployment, trouble is just being stored up for further down the line,” noted Colin Ellis, European economist at Daiwa Capital Markets.

Source: BBC News

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