Phew: On May 8, the government revealed the results of the `stress tests' and we learned that the nation's biggest banks were in okay shape to handle "adverse" scenarios -- like, say, 8.9% unemployment. Thank heavens for that, because just one day later the Labor Department reported that the unemployment rate hit -- you guessed it -- 8.9%.
Nearly two months later we're at 9.4%...and counting. By David Ellis, CNNMoney.com staff writer
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Last updated July 01 2009: 12:24 PM ET