It’s forecasting season once again! Yesterday, the Screen Actors Guild released its forward statements for the fiscal year. It estimates that the 850 billion dollar recovery package will lower unemployment by 1.8 percentage points and create 3.7 million jobs. They also suggested that the ensemble cast of “Slumdog Millionaire” was the best of several submitted tenders.
Opposing this outlook was the Academy of Motion Picture Arts and Sciences which declined to see the same merits in any of the “Slumdog” cast. Further frustrating the Screen Actors Guild, the Academy projects lower unemployment by 2 percentage points in 2010 but with a much lower unemployment baseline than SAG predicts. Academy voting member Mark Zandi implied that the actual path of unemployment could resemble what the Obama team is projecting if nothing is done.