CBO projects the unemployment rate to climb to 8.9% during the 4th quarter of 2012, and up to 9.2% through the 4th quarter of 2013.
5.6% will be achieved in 2017. 5.3% in 2022.
http://www.cbo.gov/sites/default/files/ … utlook.pdf
For fun, I took the CBO's projection chart, and put on top of it the chart that Obama's advisers gave us while pushing for the stimulus.
The dark blue line is what we were told would happen with all the economic stimulation. What's worse, is the CBO line doesn't count the new throngs of discouraged workers that we have.
Even discounting discouraged workers, we aren't projected to come down to Obama's 8% 'peak' until mid-to-late 2014.
by WeStand4Freedom7 years ago
Impeachment of a President One would think that the impeachment of a president is not conducive in showing him support.”Give him a chance,” people say. President Obama, to be exact, has been in office...
by GA Anderson3 years ago
The gist of the new Congressional Budget Office, (CBO), report on the effects of Obamacare on the U.S. economy is that it will cause a reduction in works hours equivalent to about 2 million jobs by 2017.Here is just one...
by JaxsonRaine4 years ago
Here are two arguments that I have heard, separately, from people on the left.1 - Minimum wage doesn't cost jobs.2 - Companies outsource to countries with low wages.Let's examine that for a moment. Let's imagine the...
by Cassie Smith5 years ago
Only half of all Americans are paying their taxes because they are still employed. The unemployment rate isn't going down any time soon as much as the media wants to spin it so it looks like the taxpayer half will...
by tobey1004 years ago
For those of you who still believe Obama is the greatest thing since sliced bread, can lower the level of the oceans, is for the little guy, let's look at a few facts and not what NBC, CBS, ABC, CNN, MSNBC and 81% of...
by uncorrectedvision5 years ago
If not the most often touted, misunderstood piece of government disinformation is the unemployment rate. It does not represent those who are not employed or those who would rather be employed than...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.