CBO: Longest Period of High Unemployment Since Great Depression

CBO: Longest Period of High Unemployment Since Great Depression – Real Unemployment at 15%

On February 19, 2012, in Unemployment, by admin

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven’t sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

Eye On Freedom – Keeping a watchful eye on the preservation of our liberty at home and freedom around the world