Heritage Has New Unemployment Projections for the Ryan Budget

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 the Washington Post.