Add Mark Zandi to the growing chorus of economists who believe that the U.S. is finally headed for a real turnaround. The chief economist for Moody’s Analytics just revised his outlook for 2012, and the biggest change to his forecast involves the unemployment rate. Back in January, Zandi predicted that the rate, which is currently at 8.3 percent, would stay above 8 percent through the end of the year. Now he says it “appears set to fall below 8 percent by year’s end” and believes it will fall below 7 percent by the end of 2013, as he explains in his latest note.
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via Mark Zandi is feeling even sunnier about jobs in 2012 – The Washington Post.