Unemployment is at 6.1%, its highest level since September 2003. Until last month, unemployment had been 5.5% or lower every month since July 2004, so this jump is significant. Inflation is up this year, with oil playing a role. Obama says, “the typical working age family's income is down $2,000 since George Bush took office,” but actually adjusted for inflation, family income is up $1,200 between 2001 and 2007, the statistical series’ latest year.
Friday, September 05, 2008
Unemployment Up Significantly
Unemployment is at 6.1%, its highest level since September 2003. Until last month, unemployment had been 5.5% or lower every month since July 2004, so this jump is significant. Inflation is up this year, with oil playing a role. Obama says, “the typical working age family's income is down $2,000 since George Bush took office,” but actually adjusted for inflation, family income is up $1,200 between 2001 and 2007, the statistical series’ latest year.
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