UK Unemployment Soars to 14-Year High

Jobless rate expected to keep rising despite signs of economic recovery
By Rob Quinn,  Newser Staff
Posted Sep 16, 2009 5:18 AM CDT
A political campaign poster from Britain's opposition Conservative party is seen in London earlier this year.   (AP Photo/Matt Dunham)
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(Newser) – The unemployment rate in Britain has climbed to 7.9% despite signs the economy is slowly beginning to pick up, the Wall Street Journal reports. The rate is now the highest since 1995, and analysts expect it to keep rising until well into next year. Unemployment remains especially high among Britons aged 16 to 24, raising fears of a "lost generation" of young people.