Unemployment hits 12 year high

Latest figures out show that in the three months to May 09 unemployment rose by a staggering 250,000, a rise of 12.5% in just three months.

It is estimated that up to 500,000 new school and college leavers will fail to find work this summer adding drastically to the already spiralling jobless total.

All the signs are that this will get worse before it starts to recover.

It is also considered likely that there will be a large contingent of Labour MP’s joining the dole queue shortly.

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