A new survey of economists suggests unemployment is likely to remain right where it is over the next year, stalling at the current level of 7.8 percent through the fourth quarter of 2013.
The widely watched National Association for Business Economics Outlook, a survey of 44 professional forecasters, says job growth next year is expected to average 155,000 per month, a modest figure that barely keeps pace with population growth and will not significantly impact unemployment.
The Outlook expects GDP growth to rise a paltry 1.9 percent this year and only 2.4 percent next year, with levels approaching normal – albeit unremarkable – growth of 3 percent only by the end of 2013.
The forecasters expect litte change in the federal deficit, saying it will remain close to the $1 trillion mark at $950 billion in 2013.
http://www.whitehousedossier.com/2012/10/15/economists-unemployment-78-percent-year/
