The Congressional Budget Office released it’s annual summer update of the budget and economic outlook on Wednesday and according to the CBO’s projection, the national unemployment rate “will remain above 8 percent until 2014.”:

With modest economic growth anticipated for the next few years, CBO expects employment to expand slowly. The unemployment rate is projected to fall to 8.9 percent in the fourth quarter of this year and to 8.5 percent in the fourth quarter of 2012 and then to remain above 8 percent until 2014.

Continue reading on www.newsmax.com

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Uncategorized
Previous post

Google Won't Give Churches Same Break it Gives Other Non-Profits

Next post

Jobless Claims Rose 5,000 Last Week to 417,000