Another unemployment high

18/01/2012
Issue of the day: Another unemployment high
Issue of the day: Another unemployment high

UK unemployment has reached its highest for 17 years, in more bad economic news for the coalition.

There were 2.685 million people out of work in November, a jump of 118,000 over the previous three months.

That is set to increase pressure on the government's balance sheet, as welfare payments increase and tax revenues fall.

But in a ray of hope the 'misery index', which combines unemployment with inflation, has come down from September's 19-year high.

Unemployment is set to continue rising throughout 2012, with the overall economy's recovery only expected to begin in the second half of the year.

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