Wednesday, May 6, 2009

2009 Unemployment projections

projection is based on High and Low scenarios. Low scenarios assume an average of 500,000 jobs lost per month for 2009 and 2010, and the high scenario assumes an average of 700,000 jobs lost per month for 2009 and 2010.

this scenario replicates what happened to the unemployment rates in 1930 using the current unemployment situation. the growth rate in unemployment is based on the current rate continuing for another 1 - 1.5 years. In reality the chart would look bumpy, with a series of wave like upward movements

Unemployment projections 2009

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