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Unemployment for June 2010

Created on July 2, 2010

Unemployment for June 2010

Headline:
Unemployment Rate: June 2010

Intro:
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.


Other text:
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%