White House Budget Office Expects Persistently High Unemployment
Publicly admitting what most honest economists have been saying for a while now. I guess there's still something to be said for better late instead of never...
New York Times
White House Expects Persistently High Unemployment
...The unemployment outlook for the next 16 months reflects a 9.1 percent rate this year, down slightly from the 9.3 percent forecast when President Obama made his annual budget request in February. Next year, the projected jobless rate is 9 percent, up from 8.6 percent in the February forecast.
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year ... Unemployment will not return to the 5 percent range until 2017, the budget office said, reflecting the intensity of the hangover from the most severe recession since the Great Depression...
New York Times
White House Expects Persistently High Unemployment
...The unemployment outlook for the next 16 months reflects a 9.1 percent rate this year, down slightly from the 9.3 percent forecast when President Obama made his annual budget request in February. Next year, the projected jobless rate is 9 percent, up from 8.6 percent in the February forecast.
The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year ... Unemployment will not return to the 5 percent range until 2017, the budget office said, reflecting the intensity of the hangover from the most severe recession since the Great Depression...