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Jobless rate stagnant

THE Government expects the unemployment rate to stay above 13pc until at least 2015.

In its medium-term fiscal statement, the Government predicts an unemployment rate of 14.5pc for next year, which would be no marked improvement on 2012.

It had previously forecast a rate of 13.6pc for 2013, with a further decline to 11.7pc by 2015.

Long-term unemployment now stands at 61pc of the total, up from 29pc in the first quarter of 2006.


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