Unemployment Rate: President Barack Obama

President Barack Obama: Wall Street has had its jitters but consumer confidence has improved and the housing market is making a solid comeback, according to Times Colonist. On Friday, the government will release its monthly jobs report, and economists predict that U.S. employers added 165,000 jobs in June. That's fewer than in May and far short of the number of new jobs needed to push the unemployment rate down significantly from its current perch at 7.6 per cent and WASHINGTON - Unemployment under President Barack Obama has remained high for the longest period since the Great Depression. Despite a slowly improving job market, the millions of Americans without jobs underscore weakness in the recovery, drag down consumer spending and still roil the nation's politics. Yet, while economic conditions change, much remains the same. (www.immigrantscanada.com). As reported in the news.