Wednesday, May 27, 2009
Economy to get better... except for jobs.
The National Association of Business Economists is forecasting a modest Q3 rebound in real GDP. However, they expect the national unemployment rate to hit 9.8% by the end of 2009. That, in it self is neither surprising nor troubling to me. What troubles me is that they forecast unemployment to improve only slightly and for us to have a 9.3% unemployment rate at the end of 2010. Ick.
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