I think it will reach around 8.3%. I think Obama will complete his promise to invest in green stuff and enough jobs will be created that it will bring down the unemployment rate.
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There have been quite a few projections that we will suffer 1 million-jobless-claim per month, at some point. I think the best we can hope for is for unemployment to top out at 11 to 12%. If we don't get good solutions to the banking problems, it could well get worse than that.
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I'd say it will hit bottom at 11-13% reason being i just don't think we have come close to seeing the bottom of this downturn. Factor in the fact that in this economic time the amount of jobs created will be so sparse that it won't be able to slow down the unemployment rate.
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My 75 cent Prediction: 7.6%

The Information Tide

Ooops, deleted my month by month cycle predictions based on the internet and discount banking predictions from 1994 through 2012. Source of estimates through the next several years are based on the cycle crash estimates from the bureau of Labor Statistics and unemployment. I believe that unemployment rates will drop back to 6.8%, steadily falling back to 4.4% in several years. Then I also believe that we will see the biggest crash yet after that, and see double digit unemployment the next time. All forecasts are based on my estimates from technology hype and discount banking of the 90's and what it would cause. I then predicted a three prong crash, rise and falls based on the facts that information exploding on the internet causes from a number of sources. For more detailed estimates, examine the cyclinical charts of information tides.
Source(s):
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_number...

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