Earlier today, the Federal Reserve predicted unemployment will stay high over the next two years because Americans are likely to stay cautious making for only a moderate-paced economic recovery. In the case of unemployment, federal policymakers feel that it will take time for the American economy and job market to recover back to a healthy state. As of now, the federal economic projections say that the unemployment rate this year will be between 9.5 percent and 9.7 percent. Next year, they hope it will drop to between 8.2 percent and 8.5 percent. And by 2012, the jobless rate will range between 6.6 percent and 7.5 percent. What do you think?
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It’s interesting that the would predict it might take that long to see some large improvemnt ….I guess they dont have faith in the President’s proposed plan to create more jobs …hmmmm
Fingers crossed. But even in my now daily job searches, I have noticed more and more employment opportunities across every field popping up. Hopefully, that’s a good indication of changing winds! Thanks UW for keeping us informed… and ps, this pic of Obama f****** rocks! He’s awesome
i have faith…
These problems didn’t happen over night. We just let the Bush administration run hog wild!
None of these problems are a quick fix. Let’s get behind the people who are trying to make change happen, and stop trying to tear them down. Unfortunately, there are just too many people that don’t really understand what’s going on. Were all hurting,but we need to remember we elected Bush, then turned around and gave him four more years.