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Job Report July 2012
by , 30th July 2012 at 05:32 PMThe White House brightened its outlook on national unemployment, offering a forecast of 8.0 percent for 2012 and a drop to 7.7 percent for next year, according to an article by Reuters.
During its semi-annual budget review, the White House also stated that it expects the national gross domestic product to rise 2.3 percent this year and 2.7 percent next year—substantially less than the projections it made earlier in February of a 2.7 and 3.0 percent growth, respectively.
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