Government slashes jobless forecast

The government will slash its forecast for unemployment as part of an updated economic outlook, likely to be published this week.

13th April, 2014

The government will slash its forecast for unemployment as part of an updated economic outlook, likely to be published this week. The unemployment rate is now expected to be 10.5 per cent next year, down from the previous estimate of 11.8 per cent, yielding significant savings in unemployment payments.

The updated forecasts will be published in the government's stability programme update, expected to go to Cabinet this week. It is understood that the GDP growth forecast for...

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