Graph of the Day for November 12, 2009

"Last year, the New Direction Congress enacted the first minimum wage increase in a decade - which is being implemented in three steps... The previous Republican-controlled Congresses blocked minimum wage proposals from being considered. In 2006 alone, Republicans blocked minimum wage legislation from coming to a vote 11 times. The minimum wage increase passed by the Democratic-led Congress is the first pay raise for working Americans in almost 10 years. This raise is part of our New Direction towards shared prosperity, and is a down payment on a broader American agenda for working families."

House Speaker Nancy Pelosi, in 2008. 



Sources:  Bureau of Labor Statistics: Minimum wage, Teen Unemployment.


Hoven's Index for November 12, 2009


Unemployment rate in December 2006 (last month of Republicans controlling both houses of Congress):  4.4%.


Unemployment in October 2009 (after 34 months of Democrats controlling both houses of Congress, and three minimum wage increases in those 33 months):  10.2%.


Source: BLS
"Last year, the New Direction Congress enacted the first minimum wage increase in a decade - which is being implemented in three steps... The previous Republican-controlled Congresses blocked minimum wage proposals from being considered. In 2006 alone, Republicans blocked minimum wage legislation from coming to a vote 11 times. The minimum wage increase passed by the Democratic-led Congress is the first pay raise for working Americans in almost 10 years. This raise is part of our New Direction towards shared prosperity, and is a down payment on a broader American agenda for working families."

House Speaker Nancy Pelosi, in 2008. 



Sources:  Bureau of Labor Statistics: Minimum wage, Teen Unemployment.


Hoven's Index for November 12, 2009


Unemployment rate in December 2006 (last month of Republicans controlling both houses of Congress):  4.4%.


Unemployment in October 2009 (after 34 months of Democrats controlling both houses of Congress, and three minimum wage increases in those 33 months):  10.2%.


Source: BLS