9% unemployment in 2009 |
|
| By: Ari Friday November 21, 2008 7:52 am | |
according to Goldman.
Goldman Sachs Group Inc. increased its recession estimates, saying gross domestic product is declining at a 5 percent annual rate in the current quarter and will drop 3 percent and 1 percent in the next two quarters.
Unemployment will reach 9 percent by the fourth quarter of 2009, Goldman economists led by Jan Hatzius wrote in a research note today.
Help the Occupy Supply Fund continue to support more than 60 occupations across the country!
$202,345.00 RAISED
$191,293.71 SPENT
Last updated 2/15
100% of donations committed to the occupations served by Occupy Supply
About MyFDL
MyFDL is the community site of progressive political blog Firedoglake. Anyone can participate by writing a diary, commenting on others’ diaries, or joining groups to find other people in your area. Content posted to MyFDL is the opinion of the author alone, and should not be attributed to Firedoglake.
News. Community. Activism.
Firedoglake is a member-supported organization.
Help us continue our work for as little as $45/year.
Tweet
2 Comments
Slackers. 9 percent will be here well before 4Q2009.
It’s already 9.3 percent in Michigan — BEFORE the Big Three crash.
It just reached 8.2 here in Cali, highest in 14 years and third highest behind Michigan and R.I.