predictions for unemployment - official thread

[Cucumber]

Ok so this is the official thread for unemployment predictions.

I don't know about the end of the year but I think by summer we will be in the high 9s or low 10s in terms of percentage. Yeah I know that's the distorted "official" figure only and that the actual number is already above that.

[Floppster]

The Stock Market went up today, BoA is way above their expectations and even GE managed to be way below the bad which was predicted by most of the big analysts. Is that the beginning of the end or the end of the beginning and just a lucky hype ? Either way it goes I believe that the market may freeze and we may not experience a up or down. We will then probably keep a steady and official 8-9's. By Summer next year the market will hopefully get better again.

[KC95]

why are everyones predictions about the economy always related to how the stupid stock market is doing at that moment. notice how when the stock market is having a bad day or week everyone is all gloom and doom about the economy. then the stock market has an up day and week and everyone says the opposite. for real we need to stop comparing these two things so closely all the time.

[Floppster]

why are everyones predictions about the economy always related to how the stupid stock market is doing at that moment. notice how when the stock market is having a bad day or week everyone is all gloom and doom about the economy. then the stock market has an up day and week and everyone says the opposite. for real we need to stop comparing these two things so closely all the time.

KC that is the way it works in todays economy if you like it or not. All the big employers are connected to the stock market so if they loose money they'll also loose employees.