Fed:Bleak business outlook could see jobless rate at 9 pct:ACCI

AAP General News (Australia)
04-07-2009
Fed:Bleak business outlook could see jobless rate at 9 pct:ACCI

The nation's biggest business group is predicting unemployment to top nine per cent
by the end of this year.

A report by the Australian Chamber of Commerce and Industry suggests the unemployment
rate will continue rising .. after jumping to a four-year high of 5.2 per cent in February.

The report also shows projections for business conditions have fallen into negative
territory for the first time.

GREG EVANS from the Chamber says with sales and profitability falling to 11-year lows
.. it all adds up to a bleak 2009.

AAP RTV cb/rl/ka

KEYWORD: BUSINESS (CANBERRA)

2009 AAP Information Services Pty Limited (AAP) or its Licensors.