Unemployment Rate

Fed brightens projections for unemployment rate in 2013, By Jim Puzzanghera, December 12, 2012, Los Angeles Times: “Reflecting recent improvement in the jobs market, the Federal Reserve on Wednesday brightened its forecast for the unemployment rate while leaving its broader projections for economic growth and inflation little changed. In its quarterly outlook, the Fed said the unemployment rate would be 7.4% to 7.7% at the end of 2013, down from the September forecast of 7.6% to 7.9%. The rate still is not projected to drop below 7% until at least 2014, and would not hit 6.5% until at least 2015, largely the same as the September forecast…”

 

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