U.S. Unemployment Forecast 2010
Saturday, December 26th, 2009
The Financial Forecast Center (FFC) is a site that specializes in the creation of forecasts related to money: investments, loans, finance, economics and employment. Visit them at
http://www.forecasts.org/unemploy.htm.
According to the FFC the U.S. unemployment rate was estimated at 10% in November 2009, but rose to 10.1% in December 2009. Fortunately, for the first seven months of 2010 (January thru July) the US unemployment rate is expected to hold stable at 10.2%. According to the NY Times, President Obama’s chief economics forecaster Christina Romer indicated in May 2009, that the country was not likely to see positive employment growth until 2010. http://www.nytimes.com/2009/05/11/business/11economy.html.
Though these forecasts are not good news to those considering a job or career change, the economy could make an early recovery resulting in a decrease of unemployment. For those unemployed, it means that a lot more effort is necessary to find employment.