Unemployment for June 2010
Created on July 2, 2010
Unemployment Rate: June 2010
President Obama promised that government spending would “stimulate” the economy and quell rising unemployment by “creating or saving” millions of jobs. In January 2009, Obama’s advisers produced a chart (bottom) visualizing the positive results of his recovery plan. But actual unemployment (below, detail from box at bottom) has far exceeded the White House estimates.
Sources: Unemployment data from the Bureau of Labor Statistics; original chart from Christina Romer and Jared Bernstein, “The Job Impact of the American Recovery and Reinvestment Plan,” January 10, 2009.
Chart 1 • WM 2948 heritage.org WHITE HOUSE ESTIMATES DETAIL WHITE HOUSE ESTIMATES (With Recovery Plan) ACTUAL
UNEMPLOYMENT (Without Recovery Plan) June:
9.5% Oct.: 10.1%