As job losses rise, rebound from recession called 'anemic'

New jobless benefits claims jumped last week to their highest rate since November, and Congress' chief scorekeeper said Thursday that the ongoing recovery has been "anemic" compared with past rebounds from deep recessions.

The Congressional Budget Office said that poor economic performance has sapped tax revenues and, when coupled with massive government spending designed to lift the economy, the federal government will run a $1.3 trillion deficit in fiscal 2010, a slight decrease from last year's record total.

CBO said the economy will grow at a 2 percent pace over the next year, and the unemployment rate will average 9 percent next year and won't fall to 5 percent until 2014...