Despite seeing an increase in unemployment over June, the unemployment rate in Mexico as of July, 2013 sat at 4.99%.
According to unemployment statistics, unemployment in the United States has been over 7.5% since President Barack Hussein Obama’s inauguration in 2009.
Despite continuing promises of “laser-like focus” on the economy, critics note that little has been done by the Obama administration, which has been heavily criticized for focusing on policies on politically decisive issues such as gun control, hyper-local events such as the Trayvon Martin shooting, regulation of personal eating and even campaigning for his party.
According to a report released the Pew Research Center,93% of American households saw their average net worth drop a painful 4% during Obama’s first administration from 2009 to 2011.
More recently, in another speech on the economy, President Obama was dismissive of the Keystone XL oil pipeline from Canadian,which is believed to potentially create thousands of jobs, and lower US dependency on foreign oil.