New CBO projection: 2.3 million more people unemployed next year than expected

From Hot Air: “A back-of-the-envelope calculation by former Bush aide Keith Hennessey translates CBO’s revised projected unemployment rate into a “big bad number.” How bad? It’s an average of almost 200,000 more jobs lost every month for the entire year. Consider it a minor adjustment to those “created or saved” numbers that no one knows how to calculate anyway. ”There is no disagreement, however, about the net directional effect of the two. CBO and OMB project a weaker economy in the remainder of 2009 and in 2010 than they projected at the beginning of this year before enactment of the stimulus. …”

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