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CBI comments on latest unemployment data

The CBI commented on the latest unemployment data which shows that the number unemployed rose by 48,000 in the three months to December to 2.67 million. There was a 22,000 increase in youth unemployment to 1.038 million.

Employment rose by 60,000 over the quarter and the number of inactive people fell by 78,000.

John Cridland, CBI Director-General, said:

“The unemployment situation continues to be very worrying, especially for young people.

“But it’s positive that jobs are being created in the private sector. This month’s data confirms the tentative signs we saw last month of a recovery in private sector hiring. The total number of people employed has risen again.

“Nevertheless, unemployment still rose, but this was driven mainly by people who were previously not actively looking for a job, who have now started to actively seek work.

“The Government’s new Youth Contract programme will help tackle the effects of unemployment by incentivising firms to employ young people, so I urge businesses to take advantage of the subsidy when it becomes available in April.”

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