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Wednesday, 16 September 2009

Unemployment rises again

News today that unemployment continues to rise is worrying but actually not suprising. What does surprise me is that the pace is so low.

Only 24,000 people joined the list in August. I have a view that many more companies are planning more job cuts but are hanging on for green shoots.

The autumn and winter could see a sharp rise each month as we see the economy bumps along the bottom.

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