Research

CBO Says Unemployment Rate Will Remain High At 9 Percent Through 2012

November 2011

Posted by: Research

Congressional Budget Office Director Douglas Elmendorf: “We expect that under current law, growth in output will remain slow and as a result, jobs gains will be limited, leaving the unemployment rate close to nine percent through the end of 2012.” (Committee On Budget, U.S. Senate, Hearing, 11/15/11)

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