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Archive Home > 2009 > July > 16 > Fed: Unemployment will top 10% this year

Fed: Unemployment will top 10% this year


July 16, 2009

WASHINGTON — The Federal Reserve expects the economy this year will sink at a slower pace than it previously thought. However, it still predicted that unemployment will top 10 percent and remain high for the next few years, according to a new forecast released Wednesday.

The Fed now....

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