Read the following paragraph and determine if the hypothesis is true:

Because time does not permit I do not want to go into an in depth analysis and talk about how, when the Liberal government took office in 1993, the unemployment rate was at 11.5 percent and today as we all know it is 9 percent and dropping; how we inherited a $42 billion deficit from a Conservative government that had never met its budget targets; or how we inherited a country so weakened from all aspects that we were being described as a third world economy.

Hypothesis: The unemployment rate in 1993 was higher than 12 percent.
No