Romney Promises 6% Unemployment

First term would bring a vast improvement, he assures 'Time'
By Evann Gastaldo,  Newser Staff
Posted May 23, 2012 12:58 PM CDT
Mitt Romney speaks at the Latino Coalition's annual economic summit May 23, 2012 in Washington, DC.   (Getty Images)

(Newser) – Talk about an ambitious campaign promise: Mitt Romney today assures the American people that should he be elected, the unemployment rate would fall to 6% during his first term. "I can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6%, and perhaps a little lower," he tells Time in an interview picked up by CNN and the Washington Post.

The Congressional Budget Office expects the unemployment level, currently at 8.1%, to remain above 8% through next year. But based on the current rate of growth, it is predicted to hit 7% by the end of 2015 and 5.5% by the end of 2017, meaning Romney may actually see his dream come true—regardless of whether he's elected. While Romney has mentioned a specific unemployment goal before—5.9% when he released his economic plan—he hasn't repeated that number since September 2011.

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