Posted on 07/13/2009 7:02:56 AM PDT by reaganaut1
In the "US Economics Analyst", Goldman Sachs economist Ed McKelvey predicts the unemployment rate, which averaged 9.2% in the 2nd quarter of 2009 (2009Q2), will increase as follows:
2009Q3 9.7
2009Q4 10.0
2010Q1 10.2
2010Q2 10.3
2010Q3 10.4
2010Q4 10.5
I'd be interested to know what informed Freepers project. If these predictions are correct, the 2010 midterms ought to be ugly for the Dems.
That number is too conservative imho.
read the goldman sachs article in the current rolling stone,
and chapter iii, “in goldman sachs we trust” in “the great crash 1929” by jk galbraith.
You’re going to need a bigger chart...
Looks like Obama will have to dust off his trophy wife and send her out on the stump to help Dems in house/senate races.
I don’t think we will make it to 15% until sometime next year. ~12% is where we’re heading by years end I think.
I agree. If things stay on the current course, I say it’s 12% by then...
Obama has another wife?
Unemployment at 5.3% under Bush = worst economic times since the Great Depression
Unemployment at 9.4% under Obama = it’s less bad than we thought even though we thought it was going to be better than it is.
Is it any wonder that the Democrats have brought Bush and Cheney back into the spotlight with the CIA stuff?
“Trust on Issues”
“Voters Trust GOP More than Democrats on Eight of 10 Key Issues”
Wrong. Closer to 11% by December 2009.
Hard to catch a decent prediction because I don't think ANYONE could have predicted the breathlessly stupid or intentionally manipulative and ideologically self-serving actions of obama’s economic and social mentors ... in comparison, even FDR who extended the Great depression into a decade, looks well-intentioned at this point
Trophy wife.......LOL
What kind of trophy, the booty prize?
Unemployment will be eleventy-skadillion percent by the close of business today.
Note how they expected us to peak where we are now without the recovery plan. If they were that off the mark just think of where unemployment may end up!
Considering the current trajectory and their margin of error I can easily see where we could hit 12% in 2010 and that is still a highly conservative number considering it doesn’t take into account the underemployed and those who have stopped looking.
What is scary is that the “real” number for next year could be 20% or more...
By the end of 2010? I predict 20% to 30%. Or 35%.
I agree that 12% is probable by their numbers, but the system itself lies about the problem.
The real unemployment figure is currently closer to 15%, and could be as high as 20% depending on who’s numbers you use.
Those unemployed long enough to no longer be able to draw unemployment benefits simply are dropped from the number.
6-Months from now we are going to see a TrainWreck when the number of people that drop through the cracks starts to ramp up.
There CAN be NO RECOVERY until Obozo is out of office.
You can eat a lot of ice cream between now and then.
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