CBO: Unemployment Will Be Above 8 Percent Through 2014

We have written about unemployment stats before. We spotted this today:

"And the unemployment projections, which already have President Obama's opponents salivating, are even more depressing. The CBO is projecting an 8% or higher unemployment rate through fiscal 2014. In its January update, the CBO said unemployment would average 6.4% from 2013-2016. Now, the CBO is forecasting 7% unemployment during that period."

Read more: http://curiouscapitalist.blogs.time.com/2011/08/24/congressional-budget-office-get-used-to-8-unemployment/#ixzz1VzfiCjqb