A recent report has revealed that the unemployment rate has increased by 2% this quarter, reaching a record high of 10.5%. The report also highlights a decrease in job creation by 15% compared to the previous quarter. Additionally, the GDP growth rate has slowed to 1.5%, down from 3.2% last year. These figures indicate a concerning trend in the economy, with experts predicting further challenges in the coming months. The government has announced plans for a stimulus package of $50 billion to address the economic downturn and support businesses and households.