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Youth unemployment rate hits record high in January

Youth unemployment rate hits record high in January

Mar 14th, 2012

LONDON (Reuters) - The unemployment rate held at a 13-year high of 8.4 percent in the three months to January, and the youth unemployment rate rose to a record high, official data showed on Wednesday. The figures will increase the pressure on Chancellor George Osborne to take measures to boost growth and jobs when he presents his 2012/13 budget next week, at a time when t he economy is struggling to show sustainable recovery. The Office for National Statistics said that the number of people claiming jobless benefit rose by 7,200 - slightly more than economists had forecast - to a 1. ... (Source: Reuters) -
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