Wednesday, February 4, 2009

Unemployment is now at 9.2%

The Taoiseach has said that unemployment could reach 400,000 by the end of the year.

Brian Cowen was speaking after revealing the highest monthly increase in unemployment in more than 40 years.

Mr Cowen told Fine Gael leader Enda Kenny that an extra 36,500 people joined the dole queues in January, bringing the unadjusted jobless total to 327,900.

Deputy Kenny said the figures were horrendous, the worst in the history of the State, and that the Government's proposals yesterday did nothing to offer hope or confidence to those who had lost their jobs.

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