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04 February 2010

Bookies Optimistic Despite Jobless Jump

The number of people signing on in the Republic has increased by 13,300 in the last five weeks according to the latest Live Register figures bringing the number of unemployed to a staggering 436,900.

Despite the jump in job losses however, bookmakers Paddy Power are taking a positive outlook and betting we'll see a turnaround in the last quarter of this year.

It's an unlikely 10/1 that we'll see any progress in the first quarter but the odds on unemployment numbers falling later this year look optimistic at 7/4 (2.75).

Sharon McHugh, spokesperson for Paddy Power said: "Obviously the latest figures look bad and will be a huge concern to those currently out of work but on a more positive note there's been a small drop in unemployment figures in Northern Ireland and our punters remain hopeful there'll be a turnaround."

Next week, the latest odds on how many cats will get run over.

You are likely to get better prices at Betfair.

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