Friday, June 05, 2009

Unemployment rises

The unemployment rate now stands at 9.4 percent. James Pethokoukis:
I would like to again note that the White House said unemployment would would peak at just below 7 percent if its stimulus plan was passed.
What else are they wrong about?

Update: I think Pethokoukis is wrong based on this graph, which indicates that unemployment would peak at 8 percent. Nevertheless, the point still stands.

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