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.
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