Because of the recession, we're on course for/to have record unemployment levels.
From the Cambridge Dictionaries online
If record is a verb here, it should carry some sort of inflections like recorded?
If record is a noun here, it doesn't quite make sense to me.
Much obliged if you can shed some light here. thanks a lot
Record - Definition and More from the Free Merriam-Webster Dictionary
adjective \same as 2\
Definition of RECORD
: of, relating to, or being one that is extraordinary among or surpasses others of its kind
I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.