BOSTON ( TheStreet) -- The White House is predicting stubbornly high unemployment and slow economic growth in 2012, as President Obama fights for reelection against a new crop of GOP presidential hopefuls.The Office of Management and Budget released its mid-session review of the budget on Thursday, with White House researchers now forecasting an unemployment rate of 8.3% in 2012 and 7.7% in 2013. The jobless rate falls to 5.2% by 2018, according to the White House's forecasts.
White House Sees 9% Unemployment in 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.