Beverly Hills 2/2/2010 2:11:48 AM
Obama Admin Predicts Minimal Unemployment Progress for 2010
Financial World News Update by Equities Magazine
The Obama administration is forecasting minimal improvement in the 10 plus percent unemployment rate for 2010. Despite expanding the budget for the year into the trillions, primarily to amplify the fight against joblessness, the administration predicts 9.8 percent unemployment for the close of 2010. That figure indicated a 0.2 percent improvement even considering the tremendous amount of money being pumped into the economy to put people back to work. They are slightly more optimistic about 2011, which they believe will end with 8.9 percent unemployment. For 2012, they expect 7.9 percent joblessness. These figures appear consistent will those of independent economists. About EQUITIES: Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community. Sign up for a free one-year subscription
