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U.S. Budget Office Sees 9 Percent Unemployment Through Election

President Barack Obama will be running for re-election next year with the unemployment rate likely stuck at 9 percent and the recovery still getting its footing, his budget office forecast yesterday.

The Office of Management and Budget said in an update of its economic forecasts through August that the jobless rate will average 9.1 percent in 2011 and show little change next year. It won’t fall below 6 percent until 2016, the OMB said.