The Daily Telegraph (August 3)
2011/ 08/ 05 by jd in Global News
In the UK, “unemployment will be permanently higher than its pre-recession level once the economy is back to full strength due to the ‘scar’ left by the financial crisis.” Full employment will now be achieved when unemployment reaches 6.2%. Before the crisis, this was 5.25%. Findings by the respected National Institute of Economic & Social Research (NIESR) suggest “an increase of that size would put 300,000 more people permanently on the dole.”
Tags: Financial Criss, Full employment, UK, Unemployment
