Home From the Wires High unemployment expected to last for next 3 years

High unemployment expected to last for next 3 years

| Print |  Email
Thursday, December 13, 2012

AP: The Federal Reserve predicts the unemployment rate will remain high until late 2015.

The latest economic projections released Wednesday from the Fed were little changed from September. The central bank still expects economic growth to be no stronger than 3 percent next year. Growth could improve to 3.5 percent in 2014 and 3.7 percent in 2015.

The Fed said Wednesday that it plans to keep its key short-term interest rate near zero at least until the unemployment rate is below 6.5 percent.

Read more.

 

Comments   

 
Guest
0 #1 rdrGuest 2012-12-13 21:08:11
This is so unnecessary,and so unfortunate for the next generation. But the majority voted for anti-business and anti-investment policies and officials. Did they know this was the price they would be paying?
Quote | Report to administrator
 

More Articles

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS