U.S. Unemployment Rate Shows No Sign of Dropping

If you are one of the 15million Americans who are currently unemployed, expect some company within the next year. Experts believe that the unemployment rate in the United States could rise from 9.8% to more than 10% by the middle of 2010.

This prediction was made by Christina Romer, the chairwoman of the White House Council of Economic Advisors, during a hearing of the Joint Economic Committee of Congress. In addition to her prediction that unemployment rates would rise above 10%, Romer added that she believes job growth will not start to rise again until 2010 reaches a close.

Romer repeatedly cited a study conducted and published by a private sector of forecasters who think the economy will begin to emerge from the recession over the course of the next year, and will …

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