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Bankruptcy

: Arizona Bankruptcy Attorney Blog

Congressional Budget Office Gives Us the Skinny on Unemployment

By Joseph McDaniel, Esq.

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From the Congressional Budget Office Website

"Hiring rates remain very low, with only faint signs of recovery, even though the recent recession appears to have ended in mid-2009. CBO expects the unemployment rate to average a little over 10 percent for the first half of 2010, and it will probably not dip below 9 percent until 2012. It is projected to fall to 5.3 percent , close to CBO?s estimate of the ?natural? rate of unemployment (which reflects the difficulty of immediate matches between job seekers and jobs), in 2014."

Everybody happy?

Full post as published by Arizona Bankruptcy Attorney Blog on February 14, 2011 (boomark / email).

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