The unemployment rate for November 2008 is now up to 6.7%.
This is one of the Obama "metrics of change" we are tracking here at this blog.
World Cup observations
7 years ago
With the past election and the promise of a hope and change revolution, I discuss my thoughts on the future of the United States of America.
Unemployment, Prime rate, Regular gasoline national average, Dow Jones Industrial Average

We are not talking about the Great Depression, when output dropped by one-third and unemployment soared to 25%.
What we are talking about is a golden political opportunity for politicians to use the current financial crisis to fundamentally change an economy that has been successful for more than two centuries, so that politicians can henceforth micromanage all sorts of businesses and play Robin Hood, taking from those who are not likely to vote for them and transferring part of their earnings to those who will vote for them.
For that, the politicians need lots of hype, and that is being generously supplied by the media.