Sunday, August 15, 2010

Unemployment and Economic Predictions

A) Obama budget predicts that the unemployment rate for 2009 will be 8.1 percent (actual rate is 9.3 percent), and says it will be 7.9 percent in 2010 (average so far: 9.7 percent). -- Feb. 26, 2009
B) Fed Chairman Bernanke says he sees "green shoots" of U.S. recovery, which, he said, would "pick up steam" next year. -- March 15, 2009
C) Obama says, "We are beginning to see glimmers of hope." -- April 14, 2009
D) CNN reports that "Job Recovery May Be on the Way." -- May 18, 2009
E) Jeffrey Kling of the Brookings Institution says, "It seems clear the U.S. economy has turned a corner." -- June 5, 2009


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