Malpass Says Unemployment Rate in U.S. Will Remain Above 9%

Economist David Malpass, president and founder of research firm Encima Global in New York, said the U.S. unemployment rate will remain above 9 percent next year.

“We’re going to go through slow job growth in 2011,” Malpass, a one-time candidate for New York governor, said today in an interview on Bloomberg Radio’s “Bloomberg Surveillance” program with Tom Keene.

(In the U.S., hear Bloomberg Radio on satellite radio: Sirius Channel 130 and XM Channel 129. In New York City, tune to WBBR 1130 on the AM dial.)

To contact the reporters on this story: Vincent Del Giudice in Washington; Thomas R. Keene in New York

To contact the editor responsible for this story: Christopher Wellisz at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.