- West Country
- 12 updates
Stephen Timms, shadow employment minister, said: "The Government’s welfare reform has comprehensively failed at a time when youth unemployment is edging towards a million, and long-term unemployment is at its highest level in 17 years.
"The Youth Contract is on course to miss its target by 92 per cent, and the flagship Work Programme has not hit a single one of its minimum performance standards."
Unemployment remained at 7.8% between April and June, official figures showed. Earlier this month the new Bank of England governor Mark Carney revealed that interest rates will not rise until unemployment has fallen below 7%.
Average earnings increased by 2.1% in the year to June, 0.3% up on the previous month.
The unemployment figure stays put at 7.8% although the underlying figures are encouraging. It may fall sooner than Bank of England governor Mark Carney expects.
If unemployment hits 7% sooner than he expected that means the Bank may consider raising interest rates sooner than they (and we) expected.
The number of people claiming jobseeker's allowance last month fell by 29,200 to 1.4 million, the Office for National Statistics said.
Unemployment fell by 4,000 between April and June to 2.51 million, official figures showed.