Career Advisor

Unemployment rate forecast

By Career Advisor

The Wall Street Journal has a chart that projects the Unemployment rate up to December 2009. See the Chart HERE

This data is taken from a survey of Economists. On average, the Economists look for non-farm payrolls to shed over 74,000 jobs per month over the next year. Staggering numbers for sure. The unemployment rate should be at 6.4 percent by the end of the year and 6.8 in 2009.

Here are some unemployment rates for other countries to compare:

United Kingdom -  2.8 % - Reference

Russia - 5.9% - Reference

Brazil - 9.8% - Reference

France - 8.0% - Reference