Unemployment flat at 9.5% . . .

but only because discouraged workers who stopped looking are not counted!

If you include those "not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey", you're talking of a real unemployment rate between 16 and 20%.

http://www.bls.gov/news.release/empsit.nr0.htm
http://www.bls.gov/news.release/empsit.t15.htm