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UK unemployment hits 14-year high of 2.38m

Unemployment climbed by a record 281,000 to hit 2.38 million in the three months to May, the highest level since October 1995.

The bigger-than-expected jump in unemployment, which includes those not claiming jobless benefits, is the largest rise since records began in 1971.

The jobless rate has climbed to 7.6 per cent — the highest since January 1997.

However, [...]