A Politico article today says that Bureau of Labour Statistics estimates that unemployment will hit 10%. Their new report comes out tommorrow at 8:30 am.
Politico says that even the Obama administration expects that unemployment will have risen.
Press Secritary Robert Gibbs told the press; “I expect we'll see several hundred thousand jobs lost,”
Keep in mind if unemployment goes to 10% it will be the highest rate since, the 1970s Carter recession.
What's this talk about Obama turning the economy around?
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