Mortgage stress levels in Australia have been tipped to reach more than 1 million homes by December 2008, along with predictions that more than 53,000 jobs will disappear from small to medium-sized businesses.
The gloomy outlook was revealed in the latest JPMorgan/Fujitsu Consulting report, which stated that unemployment in Australia's small to medium-sized businesses could rise by 0.5% by December 2008, which translates to approximately 53,527 job losses.
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