Unemployment reaches new record high

by GD Fri 25 Mar 2011, 5:11 pm

FURTHER fears were raised about Jersey’s troubled economy today as unemployment hit a record high for the second consecutive month.
According to new figures, at least 1,470 people were out of work in February – 80 more than the previous month and 150 more than in the same month last year.
And the number of long-term unemployed – those registered out of work for at least 52 months – increased by more than 50 per cent during the last year.
Deputy Geoff Southern – a long-time critic of the Council of Ministers’ handling of the recession – warned that Jersey’s economy now appeared to be ‘spiralling downwards’. (from JEP)