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Robert Reich: Expect 10% Unemployment Until 2011

Complete video at: http://fora.tv/2010/01/22/Robert_Reich_Bank_of_America_Annual_Economic_Forecast Former U.S. Secretary of Labor Robert Reich predicts the national unemployment rate will still be around 10 percent one year from now. He explains that the Bureau of Labor Statistics classifies the "unemployed" as those actively seeking work, a demographic he believes will increase as the state of the economy improves. ----- Is the U.S. economy showing signs of recovery, as some indicators suggest, or are these assertions dangerously premature? Having served in three administrations, former U.S. Secretary of Labor Robert Reich is uniquely positioned to share his take on the 2010 economic outlook for California, the U.S., and the rest of the world in this year's annual installment of the Walter E. Hoadley Economic Forecast. - Commonwealth Club Robert Reich is professor of public policy at the Goldman School of Public Policy at UC Berkeley. He served in three national administrations; his articles appear frequently in The New York Times and The Washington Post, and he is a commentator for American Public Media's "Marketplace," heard on NPR.
Length: 03:26

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