Thursday, July 16, 2009

Fed: unemployment will top 10 percent this year - Yahoo! News

Fed: unemployment will top 10 percent this year - Yahoo! News: "WASHINGTON – The Federal Reserve expects the economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent and remain high for the next few years, according to a new forecast released Wednesday."
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Heck of a recovery we have going on here. What is fascinating is the optimism you see in the stock market. Investors are betting on the come. I hope they are right about that.

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