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Jeff Post Sees Continued High Unemployment

DENVER Regardless of which party wins the White House and control of Congress, 8% unemployment may be something well have to live with, CUNA Mutual CEO Jeff Post told his general session audience last week during the 2012 NASCUS Summit here.

By Heather Anderson | Updated on September 17, 2012
CUNA Mutual CEO Jeff Post said the U.S. may have to live with high unemployment.

DENVER — Regardless of which party wins the White House and control of Congress, 8% unemployment may be something we’ll have to live with, CUNA Mutual CEO Jeff Post told his general session audience last week during the 2012 NASCUS Summit here.

Post said thanks to outsourcing overseas and technology that has replaced human labor, many jobs aren’t coming back. Construction and real estate jobs won’t return for awhile, cuts to government budgets will result in additional job losses, and if the federal government doesn’t soon resolve the so-called fiscal cliff, companies will pull in their horns and shy away from investing “until they know the rules of the game going forward,” Post said.

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