Please respect my decision!
- Apr 28, 1999
- Reaction score
- Mesa, AZ
Ride the wave..."... creating 12 million jobs over the next four years."
The Congressional Budget Office is required to consider the effects of the so-called “fiscal cliff” if a year-end budget deal is not reached, which many experts believe would push the country into a recession. But even with that caveat, the nonpartisan agency assumes 9.6 million jobs will be created in the next four years. (This is a revision downward; CBO had estimated 11 million in January.)
But Moody’s Analytics, in an August forecast, predicts 12 million jobs will be created by 2016, no matter who is president. (See page 51.) And Macroeconomic Advisors in April also predicted a gain of 12.3 million jobs.
"Most forecasts for employment growth are very close to 12 million over the next four years regardless of who wins the presidency," Mark Zandi, chief economist with Moody's Analytics, told The Hill.
Creating that many jobs in the next four years "is very doable," he said.
Experts say economy should grow despite who wins White House in Nov. - The Hill's On The Money