UK unemployment rise adds to pressure on Osborne’s austerity strategy | Business | guardian.co.uk

Unemployment jumped by 70,000 in the three months to the end of February and pay rises registered the lowest increase since 2001, adding to the mounting pressure on George Osborne to adopt a more aggressive growth strategy.

The number of people unemployed reached 2.56 million, with 20,000 under 25-year-olds adding their name to the register, pushing the unemployment rate up from 7.8% to 7.9%.

The worrying figures, which reflect a reverse in the trend last year for unemployment to fall, come after the International Monetary Fund urged the chancellor to ease his austerity plans and adopt more aggressive measures to spur growth.

UK unemployment rise adds to pressure on Osborne’s austerity strategy | Business | guardian.co.uk.

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