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Solis Says 9.6% Unemployment Rate “Tells You…We’re on the Right Path”

November 18, 2010

This morning on CNBC, U.S. Department of Labor Secretary Hilda Solis said the fact that the U.S. unemployment rate was 9.6% in October 2010 (as opposed to 10.1% in October 2009) “tells you…we’re on the right path.”

Contrary to her rhetoric, the facts show that the U.S. unemployment rate has been 9.5% or above for 15 consecutive months – the longest period since the Great Depression.  The unemployment rate hasn’t fallen since spring – when hundreds of thousands of temporary government Census jobs were “created.”  

Democrats promised us if their 2009 stimulus law passed, the unemployment rate would be 7% by now, which the chart below shows didn’t happen.  Clearly, a 9.6% unemployment rate is NOT the right path for American workers.  

 Sources: January 2009 Romer/Bernstein Report and actual U.S. Department of Labor data.