My chart this week: unemployment vs expectations once the $787 billion Obama stimulus plan was implemented.
Can’t blame this on W. anymore.
I will add that even if the 10.2% level recorded in October marks a peak, joblessness is unlikely to come down anytime soon: The workweek averages only 33 hours. Employers can simply extend hours to ramp up production.
But don’t worry. Congress is planning another stimulus bill.