From Zero Hedge, an update of that chart that shows where the White House originally said unemployment would be, under President Obama’s brilliant policies:
And remember, to call unemployment 7.2% is to be very generous to Obama; it forgets the millions who have departed from the labor force in despair, on his watch.
Using labor force participation rates from when Obama took office, current unemployment would be somewhere above 11%.
UPDATE (from Dan): As CNN reports, the “labor force participation rate — the percentage of people over 16 who either have a job or are actively searching for one — fell to 63.2% in August. The last time it was that low was in August of 1978.”