RTTNews - U.K.'s jobless claims might increase around 100,000 a month for the next year or so, David Blanchflower, former member of Bank of England's Monetary Policy Committee said in an interview to BBC radio on Monday.
He said there are risks to the downside. The worst of the downturn is not over and signs of improvement may be false dawns, he added.
Blanchflower stepped down on May 31. He was replaced by David Miles.
The claimant count had increased 57,100 month-on-month to total 1.51 million in April and the ILO jobless rate stood at 7.1% in the three months to March.
The Bank of England is set to announce its interest rate decision on June 4. The central bank is widely expected to hold the interest rate at a historic low of 0.5%.
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