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Unemployment forecast to reach 11-year high

By Noreen Bowden | October 8, 2008

Emigration will increase as the unemployment rate hits 8% next year, according to predictions by the Economic and Social Research Institute. The ESRI says there will be 180,000 people out of work in 2009, as the economy continues to shrink.

The organisation says that net emigration will reach 30,000 in 2009, as the number of people in employment falls by 14,000 this year and by 47,000 next year. This is compared to net inward migration of 72,000 two years ago.

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