If you’re unemployed these days in the UK, you’re not alone. Unemployment levels are, this week, hitting their highest level in 17 years. And experts are warning that those figures are going to increase even more in the next year ahead.
The current Office for National Statistics are estimated to show this week that the number of people without jobs in the UK is beyond two and a half million. The figures are also predicted to show that those in the age range of 16 to 24 who are unemployed is passing one million for the first time in recorded history.
Certainly, these figures are putting further pressure on the coalition and their highly criticized economic strategy. Other pressures are coming from figures that show that the economy only grew by .4% and .1% in the first and second quarters, figures that are much lower than previously believed. Inflation, in addition, is expected to be at the 5% mark in November.
The Bank of England is planning to step in, bringing an additional £75 billion into the economy to try to create growth, but Prime Minister Cameron certainly has his hands full trying to ease this current employment problem.