"This summer is sure to be a Summer of Economic Recovery." The White House, June 17, 2010.
"We're on the right track. The economy is getting stronger, but it really suffered a big trauma. And we're not going to get all 8 million jobs that were lost back overnight. It's going to take some time." President Obama, August 18, 2010. Weekly Initial Jobless Claims (seasonally adjusted)
Hoven's Index for August 23, 2010
Trends (linear regression slope) in initial jobless claims (extra claims per week):
Since the end of 2009: +89/wk
Last 26 weeks: +463/wk
Last 13 weeks: +1,481/wk
Last 8 weeks: +4,733/wk
Last 4 weeks: +9,200/wk
Last week: +12,000/wk
Data source: St. Louis Fed/FRED, ICSA series through Aug. 14, 2010. (Excel "Slope" function used to calculate trends.)
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