The Fed has revised its previous economic outlook regarding unemployment. http://money.cnn.com/2009/05/20/news/economy/fed_minutes/index.htm
It was supposed to be 9.2%. But that has been revised downward to 9.6%. The Fed is still too rosy. It will easily be under 10% by the end of the year courtesy of Obamanomics. An economy doesn't grow from the "bottoms up". Faithful readers, don't say I haven't already warned you.