Obama Unemployment Rate Remains in Double Digits — 10.0%
The Obama economic disaster continues…
The Obama unemployment rate remained in double digits this past month.
USA Today reported:
The unemployment rate unexpectedly fell to 10% in November as employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labor market.
Still, the respite may be temporary. Many economists expect the unemployment rate to climb into next year as the economy struggles to generate enough jobs for the 15.4 million people out of work.
The Labor Department said businesses shed only 11,000 jobs last month, an improvement from October’s revised total of 111,000 job losses and much better than the 130,000 jobs economists expected.
The unemployment rate fell to 10% from 10.2% in October; economists had expected it to remain unchanged.
The average unemployment rate for the Obama Administration jumped to 9.19%.
UPDATE: Bobby B. sent the updated graph showing what Obama and democrats promised and what we are suffering through instead:
UPDATE: Pelosi blamed Bush.