Not only is unemployment under-reported, but there are also millions of additional people who are "under-employed", who are now working at a much lower level lower paid job after being layed off, after their factory closed, after they were replaced by indians or mexicans, or because they cannot find anything, whether a recent college grad, or an experienced professional computer or engineer.
I dont need to make up how bad things are now, how much the markets have tanked, how many cant find good jobs, how many factories have closed, or how much worse the economy is now.
Bush will be blamed, regardless of when it started. Bush can be blamed for the loss of american jobs, he has not addressed the legal and the illegal immigration problem at all, he has not proposed anything to get business to re-open or build new factories, or to get businesses to employ american computer people instead of foreigners.
Here are the numbers for you, in case you wanted them. Sorry the look so good:
The Labor Department said the number of workers drawing unemployment benefits for more than a week fell to 3.289 million from 3.345 million during the latest week for which that information is available.