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Top Economic Officials Foresee “Elevated” Unemployment Rate

HeadlineMar 17, 2010

The Obama administration says it expects the nation’s official unemployment rate to remain around the ten percent mark at least through the end of the year. On Tuesday, Treasury Secretary Timothy Geithner, White House budget director Peter Orszag and Council of Economic Advisers chair Christina Romer issued a statement saying they expect unemployment will “remain elevated for an extended period.”

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