The National Institute of Economic and Social Research (NIESR) has warned that the climbing unemployment rate, which is predicted to hit 9% by the end of the year, will do “permanent damage” to the productive capacity of country. Report of the leading think tank suggests that unemployment rate in the UK is expected to rise from it current 8.3% to almost 9% by the end of 2012, due to contracting economy of the country. ”The UK economy…