Via White House Dossier:
The news is that Federal Reserve Chairman Ben Bernanke Wednesday handed President Obama some information that is not nice at all! Unemployment, currently at about 8.3 percent, is unlikely to decline any further. Might rise, even.
In testimony before Congress, Bernanke said unemployment will range between 8.2 and 8.5 percent by the end of the year. [...]
Fortunately for Obama, the unemployment rate isn’t what it was during the Carter years.
Wait a second, did I read that right? The average unemployment rate under Carter was 7.6 percent.