Heritage Has New Unemployment Projections for the Ryan Budget

Heritage Has New Unemployment Projections for the Ryan Budget

Weigel
Reporting on Politics and Policy.
April 6 2011 4:22 PM

Heritage Has New Unemployment Projections for the Ryan Budget

I just talked to Bill Beach at Heritage's Center for Data Analysis, who tells me that the team re-ran part of its model for the Path to Prosperity. The unemployment projections, which predicted sub-7 percent unemployment in 2012 and sub-3 percent unemployment in 2020, were too low.

"We adjusted the full employment unemployment variable," said Beach. "Nothing else changes as a result of that, but the employment number changes."

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The new numbers -- 7.89 percent unemployment in 2012, and 4.27 percent unemployment in 2020.

David Weigel is a reporter for Bloomberg Politics

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