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Unemployment hits 7.8%

By Noreen Bowden | December 3, 2008

The latest unemployment figures show that unemployment rose sharply last month, as the CSO estimates the unemployment rate has hit 7.8%, up from 6.3% at the end of the third quarter.

The number of people joining the Live Register rose by nearly 17,000 – this is the largest increase yet. The vast majority of those joining the Live Register were men, with 13,600 men and 3,300 women joining.

Several economists quoted in media reports say unemployment was on course to reach 10% by the end of 2009.

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