Unemployment Likely To Get Worse Before Better Some economists say unemployment could be higher after President Obama's first term in office. Crashing stock markets and house prices, coupled with frozen credit markets and plunging consumer confidence, have many economic forecasters predicting that as many as 1.5 million jobs could be lost over the next four years.
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Unemployment Likely To Get Worse Before Better

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Unemployment Likely To Get Worse Before Better

Unemployment Likely To Get Worse Before Better

Unemployment Likely To Get Worse Before Better

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Some economists say unemployment could be higher after President Obama's first term in office. Crashing stock markets and house prices, coupled with frozen credit markets and plunging consumer confidence, have many economic forecasters predicting that as many as 1.5 million jobs could be lost over the next four years. Alex Cohen talks with Simon Johnson, Senior Fellow at the Peterson Institute for International Economics, about whether a long period of economic stagnation is ahead.