Active Stocks
Thu Mar 28 2024 15:29:53
  1. Tata Steel share price
  2. 156.45 2.36%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,446.50 0.40%
  1. ITC share price
  2. 428.30 0.07%
  1. Power Grid Corporation Of India share price
  2. 277.15 2.25%
Business News/ Politics / News/  British unemployment up 137,000 at 1.86 million
BackBack

British unemployment up 137,000 at 1.86 million

British unemployment up 137,000 at 1.86 million

Premium

London: The number of jobless in Britain rose further toward the 2 million mark in the three months to October as the economy slows, official figures showed Wednesday.

The Office for National Statistics said the number of unemployed increased by 137,000 in the three months to August to a nine-year high of 1.86 million. The rise took the unemployment rate up to 6.0% from 5.8% the previous month.

The statistics office said that the number of people claiming the jobseekers allowance - the main benefit available to the newly unemployed - rose by 75,000 in November from the previous month to 1.07 million, its highest level since July 2000. The increase was the biggest since March 1991 when the British economy was last mired in a deep recession.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 17 Dec 2008, 03:18 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App