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Economic Adviser Predicts 10% Jobless Rate

Posted on Oct 23, 2009

As reported in today's New York Times, unemployment is likely to climb above 10 percent by the middle of 2010. This loss of jobs likely means that those fortunate enough to hold onto their jobs will be working overtime -- workers will need to be careful so that we do not see an increase in injured workers. Christine Roman, chairwoman of the White House Council of Economic Advisers, reported that although the stimulus program will help the economy grow faster than it would have otherwise, the effect of the stimulus will not be as pronounced as this year.