Graph for the Day for January 9, 2011

Randall Hoven
"But the trend is clear.  We saw 12 straight months of private sector job growth.  That's the first time that's been true since 2006.  The economy added 1.3 million jobs last year.  And each quarter was stronger than the previous quarter, which means that the pace of hiring is beginning to pick up.  We're also seeing more optimistic economic forecasts for the year ahead, in part due to the package of tax cuts I signed last month..."  President Obama, January 7, 2011.





Sources:  Geoff, via Ace, and the St. Louis Fed/FRED.


Hoven's Index for January 9, 2011


Number of non-farm jobs added in 2010 (Dec 2009 to Dec 2010):  1,124,000

In 2004:  2,047,000

In 2005:  2,496,000

In 2006:  2,060,000

Years to reach previous peak number of jobs, at 2010 pace:  6.4 (May 2017)

Source:  St. Louis Fed/FRED.


Graph of the Day Archive.

"But the trend is clear.  We saw 12 straight months of private sector job growth.  That's the first time that's been true since 2006.  The economy added 1.3 million jobs last year.  And each quarter was stronger than the previous quarter, which means that the pace of hiring is beginning to pick up.  We're also seeing more optimistic economic forecasts for the year ahead, in part due to the package of tax cuts I signed last month..."  President Obama, January 7, 2011.





Sources:  Geoff, via Ace, and the St. Louis Fed/FRED.


Hoven's Index for January 9, 2011


Number of non-farm jobs added in 2010 (Dec 2009 to Dec 2010):  1,124,000

In 2004:  2,047,000

In 2005:  2,496,000

In 2006:  2,060,000

Years to reach previous peak number of jobs, at 2010 pace:  6.4 (May 2017)

Source:  St. Louis Fed/FRED.


Graph of the Day Archive.