Wednesday, July 1, 2009

US Unemployment Rises to 9.5 Percent

Update (7/2/2009): Clarification/Correction "467K jobs cut in June; jobless rate at 9.5 percent" (http://www.breitbart.com/article.php?id=D996EFJG1&show_article=1). End of Update:

473,000 people lost their job in the private sector last month bring the Unemployment rate to 9.4%. That number is almost 80,000 more jobs lost then expected.

More at http://news.yahoo.com/s/afp/20090701/ts_alt_afp/useconomyunemploymentadp_20090701134504.

Gibbs let us know that this economy is now Obama's responsibility.

Video embedded below. (from http://hotair.com/archives/2009/06/30/video-gibbs-tells-ms-nbc-that-obamas-ready-to-take-responsibility-for-economy)



Given the fact that unemployment is higher today then we were promised it would ever get if we passed the stimulus (bailout), and that unemployment is higher today then was predicted if the stimulus was not passed, it seems fair to declare the bailout a failure.

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