Mark Zandi on Unemployment

Mark Zandi, chief economist of Moody's Analytics and co-founder of Economy.com, sits down for a conversation with attendees of the Monitor Breakfast about the state of the economy, including the recent plunge in U.S. housing sales and rise in unemployment. While he is optimistic about the economy's long-term chances to rebound, the national unemployment rate will likely continue to rise through the November 2010 elections. "If it's 10 percent come Election Day, I'm not sure I'd be surprised," says Zandi. "It's going to be in that kind of ballpark."

Tags: Mark Zandi, US Unemployment, US Labor Markets (all tags)

Comments

6 Comments

yup

Obama should have listened to Romer/Krugman/Stiglitz instead of that idiot Larry Summers re: the stimulus

by jeopardy 2010-08-25 08:53PM | 0 recs
There are only two more jobs reports before the election

Its not really possible for the rate to rise that much in just two months unless 400,000 plus jobs a month are being shed. 

by Kent 2010-08-25 11:59PM | 0 recs
Everyone is optimistic

about the economy rebounding in the long run.  Everyone is pessimistic about the short run.  An insightful comment would have been a definition of the time windows associated with the two =)

by Ravi Verma 2010-08-26 12:46AM | 0 recs
RE: Everyone is optimistic

Long run is five or more years in the future.  Short run is 1-2 years.

by Kent 2010-08-26 01:00AM | 0 recs
Is he serious?

If only someone would start challenging folks who use the phrase "increased efficiency of businesses". From where I sit, failure to do so suggests comfort with the shift to a smaller workforce that's overworked and underpaid.

by tru blu 2010-08-26 09:14AM | 1 recs
Watching More from Moody's Mark Zandi at FORA.tv

Checking out more of Mark Zandi's opinion on the 10% unemployment rate, and on stimulus ending the recession. FORA.tv hooking it up from The Monitor Breakfast!

http://fora.tv/2010/08/25/Monitor_Breakfast_Moodys_Mark_Zandi#Zandi_Says_Stimulus_Ended_Recession_Jump-Started_Economy

by Alan Masarsky 2010-09-02 11:11AM | 0 recs

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