White House expects 10% unemployment in next few months

06/23/2009 | Reuters

With joblessness at 9.4% in the U.S., the Obama administration is looking for unemployment to reach 10% before the year is over, a White House spokesman said. "I think the president has said this, and I would certainly say this: I think you're likely to see unemployment at 10% within the next couple of months," White House spokesman Robert Gibbs said.

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