The UK’s unemployment has risen by a staggering 14,000 in the last 3 months; this is a rise to 1.61 million unemployed people in the UK. This is only another clue pointing towards the UK falling into a recession.

The number of people claiming jobseekers allowance has climbed by a staggering 7,200 to 806,300 last month. These figures only further reinforce the fact that the UK is falling into a recession and a recession at this time may be the biggest slump the UK has seen.

With increases in the house prices by nearly 70% in the recent years the economic slowdown comes as a shock and has already shocked the UK stock market down and house prices are beginning to fall.

Many economists are speculating the recession to come within the next three months and if this trend continues it seems like a likely estimation.

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