Graph of the Day for August 14, 2010

Randall Hoven
"The plan that has made all of this possible, from the tax cuts to the jobs, is the Recovery Act.  (Applause.)  That's right -- the Recovery Act, also known as the stimulus bill.  (Applause.)  Economists on the left and the right say this bill has helped save jobs and avert disaster.  But you don't have to take their word for it.President Obama, first State of the Union Address, February 2010.



Number of Jobs Since President Obama's Inauguration


Sources:  Geoff, now at AoSHQ, and St. Louis Fed/FRED.


Hoven's Index for August 14, 2010

Selected employment statistics, Jan. 2009 (Obama's inauguration):

Civilian labor force:  154,140,000

Civilian employment:  142,221,000

Average duration of unemployment:  19.9 weeks

Number unemployed more than 26 weeks:  2,689,000


Same employment statistics, July 2010:

Civilian labor force:  153,560,000

Civilian employment:  138,960,000

Average duration of unemployment:  34.2 weeks

Number unemployed more than 26 weeks:  6,572,000


Source:  St. Louis Fed/FRED, Household Survey.


Graph of the Day Archive.

"The plan that has made all of this possible, from the tax cuts to the jobs, is the Recovery Act.  (Applause.)  That's right -- the Recovery Act, also known as the stimulus bill.  (Applause.)  Economists on the left and the right say this bill has helped save jobs and avert disaster.  But you don't have to take their word for it.President Obama, first State of the Union Address, February 2010.



Number of Jobs Since President Obama's Inauguration


Sources:  Geoff, now at AoSHQ, and St. Louis Fed/FRED.


Hoven's Index for August 14, 2010

Selected employment statistics, Jan. 2009 (Obama's inauguration):

Civilian labor force:  154,140,000

Civilian employment:  142,221,000

Average duration of unemployment:  19.9 weeks

Number unemployed more than 26 weeks:  2,689,000


Same employment statistics, July 2010:

Civilian labor force:  153,560,000

Civilian employment:  138,960,000

Average duration of unemployment:  34.2 weeks

Number unemployed more than 26 weeks:  6,572,000


Source:  St. Louis Fed/FRED, Household Survey.


Graph of the Day Archive.