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Unemployment Rate Rises to 9.9 Percent – 2.5 Percentage Points Higher than President Promised

May 7, 2010 — The Jobs Search   

The latest monthly jobs report shows the unemployment rate still hovering around 10 percent, at 9.9 percent in April. This is 2.5 percentage points (34 percent) higher than the unemployment rate the President promised once his stimulus bill was enacted.

Source: “The Job Impact of the American Recovery and Reinvestment Plan” (i.e. the Administration’s January 2009 Romer/Bernstein Report) and BLS data.


SUBCOMMITTEE: Work and Welfare    SUBCOMMITTEE: Full Committee