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Dow Bombs on a Dismal Unemployment Prediction

http://www.fool.com/investing/general/2013/02/07/dow-bombs-on-a-dismal-unemployment-prediction.aspx

Matt Thalman
February 7, 2013

This morning, Chicago Federal Reserve President Charles Evans said he believes the unemployment rate will not fall below 6.5% until mid-2015. The Fed has announced that its quantitative-easing programs will continue until unemployment hits that 6.5%. While Evans believes the Fed is taking the appropriate actions to stimulate the economy, he feels it may be possible to end quantitative easing before unemployment even reaches 7%.

In additional news on the jobs front, the first-time unemploymen