The White House has a dismal view on employment this year, according to a new forecast suggesting that President Barack Obama’s advisers expect unemployment to be a big problem for the rest of his term and beyond – until 2015 to be exact.
White House Press Secretary Robert Gibbs briefed the press about the predictions yesterday.
According to the prediction, an average of 95,000 jobs a month will be created this year, a number that is well below what economists believe will have an impact on the current crisis.
It is projected that the unemployment rate will be averaging 8.2 percent in 2012, the time that Obama will be campaigning for re-election.
Last week, the Labor Department announced that the unemployment rate had dipped below the 10 percent mark, settling in at 9.7 percent on Friday, but Americans are still skeptical that any real change has occurred. Despite reports that the recession officially ended last summer, a recent poll conducted by ABC News showed that only 45 percent of Americans believe that the economy has begun to improve.
“There is a lot of uncertainty,” said Christina Romer, chairman of the White House Council of Economic Advisers, in an interview published in the Washington Post. “As we still don’t know what form any further targeted initiatives on jobs might take. I think something along the lines of a new jobs tax credit could have tremendous upside potential and really ignite private sector hiring.”








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