One in 10 'could be on dole in one year'

One in 10 of the Irish workforce could to be on the dole queue by the end of next year as the economic crisis continues to deepen, according to a leading firm of stockbrokers.

The grim picture of growing dole queues from Davy Stockbrokers comes in the wake of data just out from the Central Statistics Office (CSO) which shows that unemployment rose to a 10-year high of 7% at the end of August as the number of people at work in the State showed the first annual decline since 1991.