This website requires the use of Javascript to function correctly. Performance and usage will suffer if it remains disabled.
British Unemployment Highest in 14 Years – Study Reveals 585,000 American Jobs at Risk

Real Truth logo

World News Desk

British Unemployment Highest in 14 Years

Study Reveals 585,000 American Jobs at Risk

Learn the why behind the headlines.

Subscribe to the Real Truth for FREE news and analysis.

Subscribe Now

British unemployment reached 2.47 million in July, its highest level since 1994, as 210,000 more people lost their jobs in the second quarter of 2009, according to the Office of National Statistics.

Britain’s jobless rate grew to 7.9 percent from March to May 2009, up 0.8 percent over the previous quarter. In July 2008, unemployment was at 5.6 percent, an annual rise of 2.3 percent.

“Claims for unemployment benefit in August grew by 24,400 from July to 1.61 million, the highest since May 1997. And one in five people aged between 16 and 24 is now looking for work, the highest on record, the data showed. The number of jobless in this age group rose from 928,000 to 947,000—edging closer to the landmark of one million and adding to fears of a new ‘lost generation’ of young people” (BBC).

Joblessness is expected to reach three million in 2010, possibly higher, according to economist Howard Archer at Global Insight, a world-leading economics organization.

In related news, the U.S. Chamber of Commerce recently released a study revealing the loss of American jobs. The report, “Trade Action—or Inaction: The Cost for American Workers,” showed that the United States could suffer a net loss of 383,400 jobs if Washington fails to implement its pending free trade agreements with Colombia and South Korea. Meanwhile, the European Union and Canada move ahead with their agreements between their governments.

The study also found that implementing “Buy American” provisions in America’s Recovery and Reinvestment Act of 2009 will result in the net loss of 176,800 jobs if foreign governments retaliate with their own “buy national” policies.

In addition, U.S. failure to implement the trucking provisions of NAFTA, coupled with subsequent retaliation from Mexico, may equal 25,600 jobs lost.

Ultimately, America could lose an estimated 585,800 jobs.

FREE Email Subscription (sent weekly)

Contact Information This information is required.

Comments or Questions? – Receive a Personal Response!


Your privacy is important to us. The email address above will be used for correspondence and free offers from The Restored Church of God. We will not sell, rent or give your personal information to any outside company or organization.

Latest News

View All Articles View All World News Desk