Bank of England stokes further unemployment fears
The UK might have emerged from recesssion but concerns remain for jobs.
Unemployment could continue to rise as the economy recovers, according to the Bank of England.
A study in the Bank's quarterly bulletin warns there could be worse to come in terms of employment.
"The labour market is continuing to adjust and it is possible that the picture may change over time," according to the report.
The BoE said there was "considerable uncertainty" about how the labour market would change in the next 12 months.
"Demand may rebound more strongly than businesses have expected but there remains a risk of further falls in employment if, for example, the recovery in demand proves more sluggish than businesses have expected," it said.
More corporate bankruptcies or cuts in public sector jobs could also impact on unemployment.
The report comes against a backdrop of concern that the UK may experience a "double dip" recession - with the economy slipping back in 2010.
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