April 2, 2012: U.S. Economic Recovery Forecast to Continue in 2012 and 2013, Adding 5 Million Jobs
ANN ARBOR, Mich. — America’s economy will continue its recovery this year and next as it adds nearly 5 million jobs and unemployment falls below 8 percent, according to University of Michigan economists.
“The performance of the U.S. economy during much of 2011 did nothing to alter the perception that we were mired in a sluggish recovery,” said economist Joan Crary. “Indeed, by late summer economists were considering the likelihood of a double-dip recession.