Business Cycle Watch: Why, This Is Hell, Nor Are We Out of It: Unemployment Rate Likely to Be Above 9% Through 2011

Greg Robb:

IMF says U.S. on mend but job rate to stay high - MarketWatch: The U.S. economic recovery is becoming increasingly well-established but the unemployment rate will stay above 9% through 2011, according to a report from the International Monetary Fund released Thursday.

The U.S. economy and financial system have made great strides in recovering from the Great Recession, but more work needs to be done, the IMF said. "The outlook has improved in tandem with the...