Monday, Jan 18, 2010
Even higher house prices ? More jobless
Daily Mail: Jobless rate soars to 2.5million
House prices went up despite tens of thousands of people losing their jobs in 2009. So this must mean they'll go up even further !!
"The unemployment rate is set to hit the 8 per cent mark for the first time since Tory prime minister John Major was in power, official data is expected to show this week.
Labour market figures due on Wednesday will reveal the number out of work reached 2.5million in November, an increase of 500,000 in just one year, according to City estimates. The jobless rate was last this high in 1996.
'We see the potential for unemployment to continue rising through 2010,' economist Peter Dixon of Commerzbank said."
Posted by exiges @ 10:57 PM (347 views) Add Comment
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