Obama: Unemployment is likely to increase for several more months

07/15/2009 | Wall Street Journal, The

The country's jobless rate can be expected to rise for the next several months, President Barack Obama said. "My expectation is that we will probably continue to see unemployment tick up for several months," he said. At 9.5%, unemployment is already at its highest rate in more than 25 years.

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Wall Street Journal, The

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