It sounds dreadful. After drifting down consistently since last fall, the unemployment rate has suddenly shot up again, from 9.7 percent in March to 9.9 percent in April. But don't despair: A rising unemployment rate is actually one of the best signs yet that the economy is bouncing back.http://www.usnews.com/money/blogs/flowchart/2010/5/7/why-a-rising-unemployment-rate-is-good-news.html
The spin is that Obama has inspired us with hope, and therefore the "discouraged" unemployed are once more looking for work, which in turn "artificially exaggerates" the unemployment rate.
I don't remember the media ever making that excuse for any other president.
Increasing unemployment is increasing unemployment. It is not "one of the best signs yet".