The US lost over 2.5 million jobs in the first four months of this year under the Obama Administration.
The US unemployment rate rose from 7.6% to 9.4% under Obama… the highest rate in 25 years.
Bureau of Labor Statistics– via Sweetness and Light
The US has lost 16,000 jobs each day since Democrats passed their non-Stimulus bill, the largest redistribution of wealth from the private sector to government officials in US history. Obama promised the Stimulus bill would bring down unemployment.
12 states are now experiencing record unemployment numbers.
Calculated Risk reported:
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Note: the BLS started keeping state records in 1976, so obviously this doesn’t include the Depression.
From the BLS: Regional and State Employment and Unemployment Summary
Michigan again reported the highest jobless rate, 14.1 percent in May. The states with the next highest rates were Oregon, 12.4 percent; Rhode Island and South Carolina, 12.1 percent each; California, 11.5 percent; Nevada, 11.3 percent; and North Carolina, 11.1 percent. Six additional states and the District of Columbia recorded unemployment rates of at least 10.0 percent. The California, Nevada, North Carolina, Oregon, Rhode Island, and South Carolina rates were the highest on record for those states. Florida, at 10.2 percent, and Georgia, at 9.7 percent, also posted series highs. Nebraska and North Dakota registered the lowest unemployment rates, 4.4 percent each.
Barack Obama admitted this week that the US unemployment rate will reach 10% this year.