Economists predict dark decade ahead

Economists predict dark decade ahead

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SALT LAKE CITY -- Economists are predicting a dark decade ahead, both for the unemployed and for those who have jobs and are hoping for pay raises.

The last time unemployment was in the double digits was 1982. It took a full six years for unemployment to get back to where it was before the big drop.

Many economists are saying it will be at least 2015, if not later, before that recovery occurs this time.

"I suspect, in Utah, it's probably going to be about 2012," says Zions Bank economist Jeff Thredgold.

Thredgold also warns don't be surprised if 2010 brings a lot of ups and downs job-wise.

"We have been through the wringer," he says.

The good news: the marketplace is likely to reward training and education.


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Becky Bruce


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