If you prefer a more accurate measure of real unemployment try the U6 measure which is at 13.5%.
And that doesn't include the staggering underemployment in our country. But hey, Bush's base is still doing well so it's all good.

U-6 Total unemployed, plus all marginally attached
workers, plus total employed part time for
economic reasons, as a percent of the civilian
labor force plus all marginally attached workers.. 13.5

Underemployment link

"When the going gets weird, the weird turn pro."
Hunter S. Thompson

Yeah, I believe the Dept. of Labor report said there are 11-20 million underemployed.

Twelve straight months of job losses.

What happened to our Bush economic boom?

Brian A.
I'd rather be cycling.

"The good news is that Citi is *finally* backing down on their "no cramdowns" on renegotiating mortgages."

I think that is for the next disaster: creatively financed mortgages.

I've heard this year we may be looking at 3.5 million foreclosures. And these won't be sub-prime ones either.

No. These will be those behind gates and in areas near large bodies of water. Pre-existing bodies of water. With lawns the size of a highway median.

Oh, the horrors, the horrors!