http://www.news.com.au/business/story/0,27753,24858756-462,00.html
of course this wont affect house prices or the permabulls buying more overpriced housing
THE global financial crisis could force unemployment towards the one-million mark next financial year, despite further expected dramatic interest rate cuts by the Reserve Bank.
In a gloomy new year outlook, economists are predicting unemployment could rise through 2009 from its current 4.4 per cent level towards 8 per cent, costing a further 400,000 people their jobs and pushing the number of unemployed to more than 900,000 - the worst level in a decade.
"Unemployment of 8 per cent in 2010 is on the cards. It's quite likely," said Melbourne Business School professor Mark Crosby.
- Forums
- Property
- jobless heading towards 1 million
jobless heading towards 1 million
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online