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The Progressive Policy Think Tank

Northern Economic Summary: September 2012

IPPR North's quarter three economic summary shows that the most recent unemployment figures suggest an upturn in the fortunes of the Northern labour market, despite the confirmation that the national economy entered a double dip recession in quarter two. However it is too soon to be optimistic about the remainder of the year - output remains depressed and hiring into secure work is still very low, suggesting that firms may be poised to lay off staff in the remaining quarter of the year.