Fed Sees High Unemployment All Next Year

Forecast sees it at 8.6% at end of 2012

By John Johnson,  Newser Staff

Posted Nov 2, 2011 4:35 PM CDT

(Newser) – If President Obama were hoping for a quick election-year turnaround in the jobless rate, the Federal Reserve burst his bubble today. The Fed projected unemployment will be at 8.6% at the end of 2012, not much better than the 9.1% registered in September...   Read full story »

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