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Rediff.com  » Business » UK: 2.45 mn unemployed in June-Aug

UK: 2.45 mn unemployed in June-Aug

Source: PTI
October 13, 2010 17:41 IST
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Job adsAround 2.45 million people were unemployed in the UK during the three months ended August as per official data released on Wednesday, indicating that the recovery in the British labour market is still shaky.

Official data released today showed that as many as 1.44 million males were without a job during the same period.

However, the jobless rate slipped marginally to 7.7 per cent during the June-August period.

"The unemployment rate for the three months to August, 2010, was 7.7 per cent. . .

The number of unemployed people fell by 20,000 over the quarter to reach 2.45 million," UK's Office for National Statistics said.

Signalling that the revival in the labour market is sluggish, the number of people seeking unemployment benefits rose for the second consecutive month to 1.47 million in September.

The British economy was severely hit by the global meltdown in 2008-09, which led to millions of job losses.

Despite massive stimulus efforts, many advanced economies, including the UK and the US, have hit speed bumps on the road to economic recovery.

Meanwhile, a separate report released by consultancy major PricewaterhouseCoopers said nearly half a million private sector jobs could be slashed due to the British government's proposed public spending cuts.

"Almost half a million private sector jobs could be lost as a result of the upcoming public sector spending cuts and private sector gross output could be reduced by around 46 billion pounds per annum by 2014-15 due to the impact on suppliers to the public sector," the PwC report noted.

In August, as many as 45.5 million people were without jobs in the Organisation for Economic Co-operation and Development region -- a grouping of 33 countries that includes the UK.

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