Obama’s budget: Grim jobless numbers

USAToday:

Forget the deficit numbers for awhile — the Obama administration’s unemployment projections are pretty grim as well.

According to budget documents released Monday, the administration projects a jobless rate of approximately 9.8 % by the end of this year, only slightly less than the current 10 % rate.

The projected rate is 8.9 % for the last three months of 2011 — and 7.9 % for the last quarter of 2012.

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