So the stimulus didn't keep unemployment to 8%

My chart this week: unemployment vs expectations once the $787 billion Obama stimulus plan was implemented.

Can’t blame this on W. anymore.

The stimulus and unemployment

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.