Unemployment hits eleven year high

UK unemployment hit its highest rate for 11 years today, with 1.82m now officially out of work.

The figures represent a 140,000 jump in the three months to September for unemployment in the UK and a 5.4% increase overall although experts are predicting that worse is to come as we head into 2009, with two million predicted to be unemployed by the end of the year and as many as 2.8m by the end of 2010.

The number of people claiming the Jobseeker's Allowance rose by 36,500 to 980,900 in October - the highest monthly increase since 1992.

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