Friday, September 7, 2012

CBO: Under Current Law, Unemployment Will Rise Next Year to 9.1%

( – The Congressional Budget Office (CBO) is projecting that if changes in federal taxing-and-spending policies already enacted and set to take effect at the beginning of next year do in fact take place, the unemployment rate will climb to 9.1 percent.

In a report released on Aug. 22, An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022, CBO’s baseline projections show that by the fourth quarter of 2013 the national unemployment rate will be 9.1 percent.

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So much for hope, but we're still seeing a lot of change! Unfortunately, it's for the worse...brought to you by our elected officials!

I'm just glad that bad news of this kind won't effect anyone's weekend ~ unless they're looking for work...

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