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London jobless rate rises

 

1414Official figures show unemployment in London rose by 22,000 in the three months to June.

The Office for National Statistics (ONS) revealed there were 307,000 people unemployed in the capital between April and June.

That’s an unemployment rate rise of 7.7%, the first time it has risen twice consecutively in two years.

Nationally, there are 1.85 million people out of work.

ONS statistician David Freeman said: “This is now the second consecutive time we’ve reported fewer people in work on the quarter.

“While it’s too early to conclude that the jobs market is levelling off, these figures certainly strengthen that possibility. Growth in pay, however, remains solid.”

Work and Pensions Secretary Iain Duncan Smith said: “Thanks to our long term economic plan we have already seen two million more people in jobs since 2010. On top of that, today’s figures show job vacancies at a near record high – evidence of the continued confidence of British businesses, and potential for further growth in the UK economy.

“Our one nation government is helping millions across the country to succeed and achieve their full potential. I was particularly pleased to see that wages are continuing to rise – meaning that hardworking people will see a real difference in their pay packets.”

Chris Jones, chief executive of the City & Guilds Group, added: “The steady stream of good news has now run dry as unemployment has risen for the second consecutive quarter. With many predicting last quarter’s rise to be a blip, it’s concerning that a trend is developing.

“But 16% of young people are still unemployed. Clearly we need to do a lot more to help set young people on the path to success.”

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