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Down to Business: Experts say job growth is still far off

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If the U.S. unemployment rate ticks up to double digits again, don’t be surprised. In fact, it could revisit the recent high of 10.1 percent by next spring before drifting down and settling at 7 percent by the end of 2012. That was the outlook offered by Gus Faucher, director of macroeconomics at Moody’s Analytics, as he led off a day-long program for business journalists at American University in Washington, D.C. Titled “What’s Next for ...

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November 8, 2010
6:29 a.m.

[ Flag Post ]

Note the date of this prediction, 11/4/2010.
Watch the Republicans take credit for it in 2012.