Real estate blog entries tagged with unemployment projections by Mark MacKenzie Real Estate Planning

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Home : Blogs : Mark MacKenzie : The Blog of Author Mark MacKenzie: It's The Housing Market, Stupid! : Tag "unemployment projections"

unemployment projections: White House: Unemployment To Average 9.8% In 2010 - 08/29/09 08:11 AM

This past week the White House downgraded their assessment of the economy when they contracted their GDP projection for 2010 from 3.2% to 2% and increased their original unemployment outlook from below 8% to 9.8%.
There are two concerns with unemployment. The first is the actual percent, and the second is the duration. What the White House is predicting, and keep in mind they have been behind the curve on this recession for the past two years, is that 2010 is going to be worse than 2009 in terms of sustained high unemployment. Unemployment is expected to average "only" 9.3% for 2009.
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