A survey conducted by the Philadelphia Federal Reserve
involving 45 economic forecasters estimated that with current trends,
unemployment is likely to drop to 8.1% by the fourth quarter. This poll shows an upward trend in the forecasting of
economic prospects. A similar poll conducted in November projected unemployment
averaging 8.7% in the fourth quarter. This optimism about the future of the nation’s
economy is not necessarily unfounded. As of January the employment rate
declined to 8.3%, a major improvement from November’s unemployment rate of 8.7%.
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About TeachingwithData.org
TeachingWithData.org is a partnership between the Inter-university Consortium for Political and Social Research (ICPSR) and the Social Science Data Analysis Network (SSDAN), both at the University of Michigan. The project is funded by NSF Award 0840642, George Alter (ICPSR), PI and William Frey (SSDAN), co-PI.
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