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Unemployment Could Hit 9% This Year: NABE

Posted By admin On February 23, 2009 @ 12:15 pm In Money Watch | Comments Disabled

AP [1]
Monday, Feb 23, 2009

Brace yourself: The recession is projected to worsen this year.

The country stands to lose a sizable chunk of economic activity in 2009 as consumers at home and abroad retrench in the face of persistent economic troubles.

And the U.S. unemployment rate—now at 7.6 percent, the highest in more than 16 years—is expected hit a peak of 9 percent this year.

That gloomy outlook came from leading forecasters in the latest survey by the National Association for Business Economics to be released Monday.

Full article here [1]

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Unemployment Could Hit 9% This Year: NABE  335x205 graph128c aj [2]


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URLs in this post:

[1] AP: http://www.cnbc.com/id/29344007

[2] Image: http://www.efoodsdirect.com/products.html

[3] Unemployment Rate Will Peak at 7.5%: NABE: http://www.prisonplanet.com/unemployment-rate-will-peak-at-75-nabe.html

[4] US unemployment hits 25-year high: http://www.prisonplanet.com/us-unemployment-hits-25-year-high.html

[5] Japan: Unemployment hits six-year high: http://www.prisonplanet.com/japan-unemployment-hits-six-year-high.html

[6] Unemployment at highest level in 25 years: http://www.prisonplanet.com/unemployment-at-highest-level-in-25-years.html

[7] Unemployment Not Just a Problem in America … Unemployment in Spain Forecast at 22% by Next Year: http://www.prisonplanet.com/unemployment-not-just-a-problem-in-america-unemployment-in-spain-forecast-at-22-by-next-year.html

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