After reaching a low of 4.1% in October, 2006, the U.S. [[unemployment]] rate has been trending upward, reaching 9.4% in May 2009. Analysts from the National Bureau of Economic research say that the current nation-wide recession began over a year ago; the economy peaked in December, 2007. This recession is expected to continue into 2010. Unemployment reached 6.5% in November 2008. Unemployment has already reached 10% and higher in half the country.
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After the full implementation of the George W. Bush tax cuts, [[unemployment]] reached a low of 4.1% by October, 2006. After the [[Fannie Mae]] crash, the U.S. unemployment rate began trending upward, reaching 9.4% in May 2009. Analysts from the National Bureau of Economic research say that the current nation-wide recession began in December 2007. Unemployment reached 6.5% by election day 2008, and in some parts of the country already reached 10% and higher.