The impact on GDP's level of growth can be determined. As far as GDP growth goes, the unemployment rate could increase by 0.3% in 2014, when it would be 7.9% instead of 7.6%.
On April 26th, 2012. See this statement in context.
On April 26th, 2012. See this statement in context.
Parliamentary Budget Officer, Library of Parliament
The impact on GDP's level of growth can be determined. As far as GDP growth goes, the unemployment rate could increase by 0.3% in 2014, when it would be 7.9% instead of 7.6%.
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