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Leading forecaster sees 2 million jobs and 3.2% growth for 2010



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It sounds ambitious considering the slow start to the year but this is good news, if it turns out to be accurate. Bloomberg:

The U.S. economy will create 2 million jobs in 2011, twice as many as last year, said Scott Brown, the most accurate forecaster of the jobless rate over the past two years according to Bloomberg News calculations.

Unemployment will end the year at 8.6 percent, projected Brown, chief economist at Raymond James & Associates Inc., less than the 8.8 percent median forecast of 61 economists surveyed by Bloomberg from Feb. 2 to Feb. 8. It dropped to 9 percent in January from 9.4 percent the prior month.


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