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Jobless rate said likely to stay high through 2010

February 1st, 2010
Categories: News, Economic

Link: http://news.yahoo.com/s/ap/20100201/ap_on_bi_ge/us_obama_unemployment

The Obama administration is predicting little improvement in the nation's unemployment rate by the end of the year. Although President Barack Obama says the multitrillion-dollar spending plan released Monday is designed to get Americans back to work, the administration forecasts 9.8 percent unemployment at the end of this year. That would be down only slightly from the current rate of 10 percent.

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