They're just making this as rosy as they can. If GW Bush were president, they'd have all kinds of inflated projections and say that he was purposely driving up unemployment to make himself rich.
5%. Try telling that to people in California and Michigan.
Yeah, but it didn't rise at the rate the government predicted. So that's supposed to be good news. This way Great Depression II won't arrive in October, it'll arrive in January. Hurrah!