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Moody’s Zandi: Unemployment Likely 10% by Election Day

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Mark Zandi, chief economist for Moody’s Analytics, states that while he is optimistic about the economy’s long-term chances to rebound, the national unemployment rate will likely continue to rise through the November 2010 elections. “If it’s 10 percent come Election Day, I’m not sure I’d be surprised,” says Zandi. “It’s going to be in that kind of ballpark.”

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Mark Zandi, chief economist of Moody’s Analytics and co-founder of Economy.com, sits down for a conversation with attendees of the Monitor Breakfast about the state of the economy, including the recent plunge in U.S. housing sales and rise in unemployment. – The Monitor Breakfast

Mark Zandi is an American economist and co-founder of Moody’s Economy.com, a widely-cited source of economic analysis.

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