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HOW WILL UNEMPLOYMENT PROGRESS?

<strong>JONATHAN LOYNES CAPITAL ECONOMICS<br /></strong>Surveys of employment intentions suggest that the rate of job-cutting is now easing. We expect the pace of increase in this measure to slow further from here. But it could be years before unemployment is falling. even more sharply. <br /><br /><strong>HOWARD ARCHER IHS GLOBAL INSIGHT<br /></strong>Unemployment still looks likely to reach 3m in 2010. Despite signs that the economy will return to growth in the third quarter, unemployment is a lagging indicator and the sharp economic contraction suffered will continue to weigh down on the labour market for an extended period.<br /><br /><strong>JEREMY BATSTONE-CARR CHARLES STANLEY<br /></strong>I can&rsquo;t see any end to it.&nbsp; Sadly it is an inevitable function of the times that companies can only match their profit expectations by shedding labour.&nbsp; I think we&rsquo;re going to see a double dip, and when the government&rsquo;s stimulus package wears off we&rsquo;ll be right back in trouble.