September 21st, 2010
10:16 AM ET
4 years ago

Economy improving, but still hurting

New York (CNNMoney.com) - Even if the economy avoids falling into a double-dip recession, the next year will probably feel like one anyway, a CNNMoney.com survey of economists showed.

Unemployment is expected to remain high, according to the survey of 31 top economists. Their average forecast is for the rate to be at 9.5% - only slightly lower than current levels.

And next year isn't looking much better. Unemployment is only expected to fall to about 9% by the end of 2011, the survey showed.

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Filed under: Economy • issues
soundoff (20 Responses)
  1. Dean

    I just learned that the recession is over. Since I didn't know it and the government had to tell me that it's over means one thing to me...............that one of us does not know what is going on in America.
    And I think that someone is the government.

    September 21, 2010 10:25 am at 10:25 am |
  2. AmFem

    We're stupid if we thought that climbing out of the abyss the Republicans dropped us into was going to happen in 2 years. The President told us it would take a long time. But of course, in this day and age of instant gratification (internet surfing zombies), and reality television (adds to the dumbing down of our country), we don't have the patience to wait for a recovery.

    September 21, 2010 10:27 am at 10:27 am |
  3. Lynn

    It's time to talk about the companies that layed off people and don't need to rehire because their remaining workers are doing double the work, afraid they will be next to get the axe. Means more profits and less overhead for the greedy. That's the elephant in the room the media is afraid to mention. Maybe it's because their companies are guilty too.

    September 21, 2010 10:29 am at 10:29 am |
  4. Liz the First

    I hear people say all the time that because they don't have a job, the economy isn't improving. this is very shortsighted. this recovery is like the line at a theater to buy tickets. just because you haven't reached the window yet doesn't mean no one has been able to buy a ticket. the Democrats opened this 'ticket window' of recovery and you will get your ticket eventually. the rethugs will close the window before you get to it. so if you want your ticket to recovery, vote Democratic in november!!!!!!!!!!!

    September 21, 2010 10:38 am at 10:38 am |
  5. dont care what you Demoncrates say

    you guys must be on the same meds as jimmy carter to really believe that the economy is getting better, well maybe you got a raise or bought an expensive item, well get off your meds and take a look at the real world because the economy sucks.

    September 21, 2010 10:43 am at 10:43 am |
  6. jules sand-perkins

    So by you this is improving?
    Yeah, sure.
    Get Obama out and let anybody else try.

    September 21, 2010 10:44 am at 10:44 am |
  7. La Piovra

    The economy is improving, but not for the "small people". Why? Because the Fochtopus has calculated that if they don't lend, don't hire, don't give mortgage relief, and stonewall all ameliatory legislation through their frog-faced tool, Mitch McConnell, they will panic a hurting public into giving them absolute power. It looks like working, too.

    September 21, 2010 10:45 am at 10:45 am |
  8. ThinkAgain

    It's taking time for things to turn around in our economy, but remember this, folks:

    Republican policies of de-regulation, tax cuts for the wealthy (which resulted in jobs going overseas) and two unfunded wars resulted in driving our country into the ditch.

    Republicans have no new ideas; President Obama's policies are what saved us from another Great Depression and are what is slowly turning around the largest economy in the world (i.e., it takes time).

    Don't be a quitter; don't be a fool. Don't listen to the Republicans who want to make things so bad for us that you'll lose heart and give up and in desperation, return them to power.

    All the Republicans will do is finish off what they started – and we will all greatly suffer for it.

    September 21, 2010 10:55 am at 10:55 am |
  9. pa mom

    The lack of orders received by businesses has the east coast CFO's predicting a worst year that this one. Thank you Mr Obama!

    September 21, 2010 10:56 am at 10:56 am |
  10. Snow

    Those who voted for obama, tell me hows the Hopey and Changey thing working out for you,your family and your neighbors? People dumb enough to vote for obama should be feeling pretty stupid right now.

    September 21, 2010 11:00 am at 11:00 am |
  11. RichP, easton, pa

    Not seeing any thing out of our elected employees in DC to keep business here, bring in new business or expand existing business. Still have the tax loopholes and overseas incentives, still have one sided trade agreements. The barn doors at both ends are still open and shoveling in more money through the stall doors on both sides does nothing. We do have one biggie, we still have the highest corporate tax in the world, is that something we can be proud of..

    September 21, 2010 11:01 am at 11:01 am |
  12. Marty, FL

    The economy is indeed improving in the right direction, and it will certainly take more time, which is why everyone should seriously consider the consequences of the choice in November.

    As fellow Americans continue to look for work, the GOP is willing to cut them off entirely from unemployment during these challenging times while giving more tax cuts to the rich, who do not need it.

    This GOP approach fails to understand it will only cost more to cut off struggling Americans while adding Billions to deficits to extend more unpaid tax cuts for the rich. Many Democrats and Independents have the better plan by comparison.

    Vote Smart.

    September 21, 2010 11:02 am at 11:02 am |
  13. Obozo VooDoo Economics 101: Spend your way to prosperity, tax your way out of recession.

    The unemployment rate is actually MUCH HIGHER. More like 15-16%. If Obozo keeps demonizing every business in sight, then you can expect high unemployment for the forseeable future.

    Now they are seeing hoiw much Obozocare is going to clobber them!

    September 21, 2010 11:14 am at 11:14 am |
  14. Orlando Patriot

    So Obama and the Democrats are in full power for almost 2 years (with control of Congress for almost 4 years) passing everything they could EVER IMAGINED and unemployment rises from 7% to 9.6%, the debt increases by 3 TRILLION dollars, and there are renewed fears of a double-dip recession.

    So how is that "Hope and Change" working for you?

    September 21, 2010 11:15 am at 11:15 am |
  15. jim

    Exactly what specific information tells us the economy is improving. For now it seems like wishful thinking. Could it be that you are trying to influence voters to stay the course and back your pal Obama and his band of thieves.

    September 21, 2010 11:16 am at 11:16 am |
  16. Marcus

    One thing that I can't understand about the GOPers is their belief that all those who supported Obama in 2008 did believed that as soon as he became president he would eliminate instantly the bad-to-worst shape of the economy that he was going to inherit.
    He never said that, quite the contrary, he always said that things would get rough (and stay like that for a while) until they got better.
    Why?
    Because the failing economy is a big one, the biggest among all countries in the world, and you can't simply make a 'U' turn. It takes time, years to be more accurate. And he never denied that.
    But to the GOPers, he never even said that.

    September 21, 2010 11:17 am at 11:17 am |
  17. DagnyTag

    BO and his "elite" group of corporate socialists see your paycheck as their private property. This nightmare needs to end NOW!

    September 21, 2010 11:20 am at 11:20 am |
  18. katiec

    What took numerous years to create cannot be resolved in 21 months.
    That, plus the fact that the republicans have obstructed, tried to destroy any advancement, accomplishments in our economy all for the sake of regaining power and winning the next election.
    Tie into that big business, (republicans) have not been hiring as they also want their supportors, the right wing, back in power.
    We are going to see an improvement in our economy after the November elections, regardless of the republican politicians, big business selling out the American people and our country.
    America, we cannot allow politicians who are willing to sacrifice our country and us for their politics as usual.

    September 21, 2010 11:23 am at 11:23 am |
  19. T'SAH from Virginia

    If that is the case – then ON with EXPIRING the TAX CUTS for the top 3%!!!! LEAVE the TAX CUTS in place FOR 97% of Americans!!!

    President Obama always stated that things will get better but it will take time... We live in a "MICROWAVE" world and are not patient anymore!!

    DEMOCRATS who jumped the ship because they wanted to DISTANCE themselves from President Obama will SUFFER in the long run. Next Year, we will REMEMBER those traitors!!!

    PLEASE true DEMOCRATS – STATE the CASE and be proud of it – UNITE the BASE and mean it – WIN this RACE in November and be PROUD of it!!!

    T'SAH from Virginia – the Original Liberal – approves this message!!!

    September 21, 2010 11:24 am at 11:24 am |
  20. Whatever

    DUH the economy won't improve overnight! Such a microwave mentality society!!!! It took years to DESTROY the economy so it will take years to rebuild but it is slowly doing so. PATIENCE everyone PATIENCE!!!!!!

    September 21, 2010 11:30 am at 11:30 am |