Unemployment Rate July 2013
Created on August 2, 2013
Unemployment Rate: July 2013
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 visualizing the positive results of his recovery plan. But actual unemployment (in red) has far exceeded the White House estimates.
WHITE HOUSE ESTIMATES, ACTUAL UNEMPLOYMENT
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 | IB 4005 | heritage.org