Thread: Huge Numbers

400,000 long-term unemployed may never work again

by Vincent Moss, Sunday Mirror 28/08/2011

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George Osborne


More than 400,000 ­people may never work again after being jobless for two years, a shock report warns today.
And 100,000 workers aged over 50 could be forced to retire early with smaller pensions due to the worsening jobs market.
The grim predictions come after latest unemployment figures this month showed the dole queue has soared to 2.49 million.
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And the recession is forcing more into long-term unemployment with the number of people out of work for more than two years now at its ­highest level since 1997.
The figure has more than doubled since the financial meltdown of 2008, ­according to the Institute for Public Policy ­Research think-tank.
The IPPR predicts the number of long-term unemployed will soar even higher due to fierce competition for jobs.
Among the worst hit are young workers aged 18 to 24. The number of these out of work for at least two years has ­almost trebled since 2008 from just 36,000 to 95,000.
Experts fear some of those young people may never find work unless the Government takes urgent action.



Sure is grim for nearly one million British youths who are out of work, Australias kids are sure lucky that unemployment there is so low, the future is Bright ........... the future is ............. AUSTRALIA.