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Mon 12 Dec 2008Kildare delegate gives grim warnings over unemployment rates
EMPLOYMENT:KILDARE DELEGATE Adrian Kane warned that nobody could predict how bad the recession might be during the debate on enterprise, trade and employment. “If you look at the economic forecasts of the ESRI, the Department of Finance and the Bank of Ireland, they predict an unemployment rate of between 7.3 per cent and 8 per cent for 2009.
“The live register figures stood at 252,000 at the end of October, an increase of 16,000 over September. If that is to be replicated over the next 12 months, we will have an unemployment rate, by the end of October next year, of 11.8 per cent.”
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