Unemployment Rate spiking to at least 10 Percent Very Soon

It is a now known fact that the unemployment rate will spike to at least 10 percent in the next couple of months. This prediction was by President Obama himself, as he makes claim that until people start working again, the jobless rates will continue to spike. Now at 9.4 percent in the month of May, the unemployment rate is the highest in the past 25 years. Unfortunately, the analysts are claiming that the unemployment rate will not go down any time soon, and expects the high rates to continue to spike until the economy starts to pick up. The number one indicator which shows the status of the country's economic condition is the job market. When people start working, the economy will surely be on its way back, as people will again start buying merchandise, massaging the country with an influx of money.