"And today, I'm happy to report that we received some very encouraging news... I should also note that the unemployment rate ticked up slightly from 9.7 to 9.9 [percent]."
President Obama, May 7, 2010.
Source: St. Louis Fed
Hoven's Index for May 11, 2010:
Median length of unemployment:
January 2009: 10.6 weeks
April 2010: 21.6 weeks
May 1983 (highest prior to April 2009): 12.3 weeks
Source: St. Louis Fed
Ah I don't get it? This doesn't look all that encouraging to me….
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