Sunday, January 18, 2009
22% fall over 18 months predicted
Unemployment will soar to 3.4 million as the financial crisis deepens, forecasters predict ahead of official jobless figures this week. The Ernst & Young Item Club says the number of those out of work in the UK will pass 3.25 million by the end of 2010, and hit 3.4 million in 2011. "All of the economic statistics are now in free-fall," it said in its forecast.