Top Economist Says Unemployment Could Peak at 10.5 Percent
Source: http://www.foxnews.com/politics/2009/10/11/economist-says-unemployment-peak-percent/
Mark Zandi, who is a co-founder of Moody's Economy.com, warned on "Fox News Sunday" that the economy recovery could be "halting" and "fragile". New figures released last week showed unemployment rose to 9.8 percent in September, the highest since 1983. He also said unemployment will continue to rise and could peak at 10.5 percent.
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That's so unfortunate. But as long as the economy doesn't get as bad as it was in the Great Depression, I don't think we can really complain, now can we?
ReplyDeleteWow, that is a scary thought! My husband was born in 1983 and he got laid off this year in April. Kind of ironic that during this year when he got laid off it is the highest since 1983, the year in which he was born. Thanks for sharing! :D
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