Unemployment Hits 15 Year High
August 12th, 2009 | by abigail |Figures released today show unemployment has jumped by 220,000 in the three months to June the official number of people unemployed in the UK is now 2.435 million, the highest level since 1995 nearly 15 years ago.
The largest group of unemployed where 16-25 this figures is expected to increase with new school leavers in autumn, unemployment benefit is now costing the taxpayer £3.4m a day.
Peter Mandelson said: “One thing I and the government know is that any such level of unemployment is unacceptable.
“The question is, what is the government doing about it, and what would be the level of unemployment if the government had not intervened in the economy in the way in which we have?”.
Peter Mandelson said the government was spending £5bn on getting people back to work.
Many economists say unemployment figures show the recession is far from over and are expecting things to get worse, many experts warn of potential rises in crime and say local councils are not equiped to cope with all the 16-25 that will be bored on the streets .