Geneva, Switzerland (GenevaLunch) – The financial sector in Geneva is likely to face a sharper increase in unemployment as of September, according to Pierre-André Berger, head of a 32-strong team specialized in banking within Geneva’s cantonal unemployment office. Berger, speaking to Swiss news agency ATS, says that the number of unemployed financial industry people rose from 500 to 1,000 between November 2008 and May 2009, but several factors coming together after the summer holiday period could have a negative impact.

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