Economic Gloom. Cascade Talks About Recent Figures That Show How UK Unemployment Increased To 2.64m

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(Free-Press-Release.com) December 22, 2011 --

UK unemployment rose by 128,000 in the three months to October to 2.64 million, the highest level since 1994. The Office for National Statistics (ONS) said the jobless rate was 8.3%, up from 7.9% in the previous quarter. Youth unemployment rose to 1.027 million, the highest since records began in 1992, beating the previous record set only last month. The number of people out of work and claiming Jobseeker's Allowance rose by 3,000 to 1.6 million in November. The Managing Director of Cascade, commented on these figures, saying “These latest depressing statistics don’t come, sadly, as a surprise. The recession is affecting many businesses, jobs are scarce. Here at Cascade, we are speedily expanding and we are currently on the lookout for career minded, ambitious individuals who are excited about the opportunity to further their career in the fastest growing industry in the UK as part of our own business development program.”

The 3,000 rise was much less than the approximate 15,000 figure expected on average by economists. Moreover, the ONS also revised down the October increase in the claimant count from the 5,300 reported last month to just 2,500. The young continued to bear the brunt of the lack of jobs in the UK - a problem shared by many other countries. The unemployment rate among 16 to 24-year-olds rose to 22% in the three months to October, up from 20.8% three months earlier. A source from Cascade, an exciting and successful marketing company in Plymouth, expressed their opinions on this, saying “The economy is ruthless; these figures deliver a cold hard dose of reality.”

"Too many young lives are being wasted in the dole queue," said Martina Milburn, chief executive of the Prince's Trust youth charity. "It is frightening to think that more than two-fifths of unemployed young people have been jobless for more than six months. Long-term unemployed young people are the most vulnerable, with many trapped in a vicious cycle of joblessness, anxiety and depression” she said.

At Cascade they pride themselves on their ability to react to challenging market conditions, and provide effective solutions to their clients’ business development requirements and being at the forefront of their dynamic, fast growing industry. They are expanding rapidly due to high client demand stemming from their commitment to providing clients with fast, effective and high quality returns on their investments.

Source http://www.bbc.co.uk/news/business-16175309