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Thu 05 May 2009Jobless rate of 15.5% by end of 2010 - Lenihan
SOME 250,000 more people are likely to lose their jobs by the end of next year, bringing unemployment rates to 15.5 per cent, Minister for Finance Brian Lenihanhas told the Dáil.
However, he said the ESRI prediction of 13.3 per cent this year “seems excessively pessimistic” because latest data showed unemployment in April at 11.4 per cent. Live Register figures “provide tentative evidence that the rate of increase has slowed somewhat”.
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