Page 6 - Benoit Samuelson News Today

>> underlying all this, of course, is the fact that the outlook has changed. like many other forecasters, the federal reserve was too optimistic early in the recovery. >> reporter: in lowering its forecast for hiring, the fed estimates the unemployment rate, now 8.2%, will have barely dropped by the end of the year. and even two years from from now, by the end of 2014, well have fallen less than a percentage point. job growth has slowed sharply in recent months and a survey of c.e.o.s ...

captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. we have been struggling through the weakest damascus recovery the u.s. has seen, and today, the federal reserve projected under sluggish growth and high unemployment ahead. the fed said its last forecast back in april was too optimistic. heres how the outlook for next year, 2013, has changed. the fed had expected growth in the economy to be as little as 2.7%. but today, it revised tha...