Unemployment Rate, Barack Obama Jobs Plan | featured news

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Obama plan would make small dent in jobless rate

Even if Congress heeds President Barack Obama's demands to "pass this bill right away" and enacts his jobs and tax plan in its entirety, the unemployment rate probably still would hover in nosebleed territory for at least three more years.

Senh: I would be happy with a 0.5% dent in the unemployment rate. If this jobs bill can produce a 1% drop in unemployment, that's pretty good. What do people expect, that Obama can instantly flick a switch and get unemployment back to pre-recession levels. That's unreasonable. A little bit at a time and eventually, we'll recover from this economic crisis.

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