UK Unemployment Highest Since 1997

The number of people out of work in the UK rose by 137,000 to 1.86 million in the three months to October - the highest level since 1997.

This took the unemployment rate up to 6% from 5.8% previously, the Office for National Statistics said

People claiming Jobseeker's Allowance in November rose 75,700 to 1.07 million - the largest rise since March 1991.

The number of people claiming unemployment benefit rose for a tenth consecutive month and climbed above the one million mark for the first time in eight years.

The pound hit another record low against the euro after the unemployment data underscored just how weak the UK economy was.

At 11.40GMT sterling was down to $1.5415 against the dollar and set a fresh low against the euro of 1.0926, with one euro climbing to 91.55 pence.