later krieg's list founder will speak to the computer freedom and privacy conference. but first, vice-president joe biden earlier today said the economy showing signs of improvement, despite the nation's highest unemployment rate in 25 years. president obama will announce spending boosts over the summer. >> this morning we received another reminder of the challenges facing families for up the nation. payroll contraction last month, 345,000 jobs, employment rate rose to ninth with 4%, the highest rate in 25 years. -- the rate is 9.4%. we are trying to make it through the deepest recession in the decade and are hurt badly by it. there is also some signs of hope today in the report, and a few signs that our action is to get the economy back on track. analysts had expected that we would lose more than 500,000 jobs in may. instead, we lost three entered 45,000 jobs -- a 345,000 jobs. that is the lowest number of job losses since last september, and the fourth month in a row that we are shedding jobs. i don't expect that to satisfy anyone. it does not satisfy me or the presi