The jobless rate is expected to end this year at 9.1% and average 9% next year. On the bright side, a double-dip recession isn't predicted. The grim outlook comes as President Obama prepares to outline new stimulus proposals next week.
In a move underscoring the urgency of the nation's economic problems, the White House issued a new assessment that predicted continued high unemployment
through 2012.
The grim outlook, part of the summer report on the nation's budget and the economy, was released Thursday as President Obama prepared to announce new stimulus proposals next week.
The grim outlook, part of the summer report on the nation's budget and the economy, was released Thursday as President Obama prepared to announce new stimulus proposals next week.
The administration said that based on the latest economic data, it now expects the unemployment rate to end the year at 9.1%, which is where it stood in July. The jobless figure for August will be released Friday with accompanying statistics on job creation.
6 comments:
What a joke! The prediction is a lot of unemployment for 2012.
We expected nothing less in this obama administration. What an idiot!
through 2012 because they know obama will be out and jobs will come back then!
TELL ME ??? WHO could do better..they all are the same..nothing but a pack of lies to get in office and SCREW the people...bet this won't get posted..
Again, folks, I have to remind you. "Unemployment figures" only apply to a select few that are currently on the year and a half they can collect unemployment benefits. There are so many that lost their jobs 3 years ago and just doing side jobs not counted. This is just a percentage number thrown out by the Gubmint that does not reflect the dire state we're in.
Dumba$$es.
This is SO disgusting it's beyond description. "unemployment won't go above 8%"....wasn't THAT ONE of his BS lines? He has NO clue and neither do his "never had a real job, but it sounded good as a college professor" loser advisors. ANY other president would have be getting royally castigated by the media. Not this bozo. How much does he have to screw up, ruin, and destroy before his legions of worshippers say"well, he MAY not be the right guy"?
Obama will go down in the book as one of the worse presidents in history, but at least he can blame Bush?
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