The document discusses the high unemployment rate in the United States from 2007-2012. It notes that the economy declined in late 2007 and both Bush and Obama struggled to reverse job losses through programs and bailouts. The unemployment rate was reported at 9% in October 2011, falling to 8.3% by January 2012. Reasons for high unemployment included the Senate Republicans voting down Obama's $447 billion jobs bill in 2011 and protests on Wall Street against economic inequality and corruption.

2. • The economy took a
dive in late 2007, bush
and Obama have
struggled to reverse
the loss of jobs.
• Obama had various
government programs
and bailouts to save
the economy.

3. • The unemployment rate in the United States
was reported at 9 percent in October of 2011
and it had fallen to 8.3 percent in January of
2012. From 1948 until 2010 the United
States' Unemployment Rate averaged 5.70
percent reaching an historical high of 10.80
percent in November of 1982 and a record
low of 2.50 percent in May of 1953.

4. Reasons behind the high
unemployment in the US

5. • On the 8th of November 2011, Obama
gave a speech about the creation of new
jobs for the American citizens, as the
unemployment rate had reached a very
huge number which is 9.1 percent.
• The speech has delivered more than one
solution for the high unemployment,
these points are:

7. when it came to the congress to vote on this
bill the Senate Republicans have voted to kill
the $447 billion White House jobs bill

8. Wall Street demonstrations
• As the percentage of the high unemployment
didn’t change and there was no response from
the government about creating new jobs,
corruption is everywhere specially in the
financial services.
• On September 17, 2011 there has been a vast
of protesters that have occupied Wall Street.
The protests are against social and economic
inequality, high unemployment, as well as
corruption.