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

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


Read more...

Old school: Paulsen's Pharmacy maintains old fashion ethos

The Latest
Thursday, December 18, 2014
121914-pharmacy-thumbBY MEGHAN NOLT

VIDEO: Under the radar — complete with a soda counter, the traditional Paulsen's Pharmacy looks to compete with big box retailers.


Read more...

Streetfight

News
Sunday, December 07, 2014
BY LINDA BAKER

On Friday, Uber switched on an app — and with one push of the button torpedoed Portland’s famed public process.


Read more...

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Raising the Stakes

February 2015
Monday, January 26, 2015
BY LINDA BAKER

The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.


Read more...

Carbon Power

February 2015
Tuesday, January 27, 2015
BY LINDA BAKER

Researchers in a multitude of disciplines are searching for ways to soak up excess carbon dioxide, the compound that contributes to global warming.


Read more...

Dan and Louis Oyster Bar opens up to a changing neighborhood

The Latest
Thursday, December 11, 2014
121114-oystervidBy MEGHAN NOLT

VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.


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