Graph for the Day for June 13, 2011

Randall Hoven
"I wish I could tell you there was a quick fix to our economic problems. But the truth is, we didn't get into this mess overnight, and we won't get out of it overnight. It's going to take time."  President Obama, June 11, 2011.   Source:  St. Louis Fed/FRED.   Hoven's Index for June 13, 2011   Various employment statistics when President Obama entered office, January 2009: Unemployment rate:  7.8% Unemployment rate for blacks or African-Americans:  12.7% Unemployment rate for teens:  20.8% Average length of unemployment:  19.9 weeks Civilian employment-population ratio:  60.6%   Same statistics as of May 2011: Unemployment rate:  9.1% Unemployment rate for blacks or African-Americans:  16.2% Unemployment rate for teens:  24.2% Average length of unemployment:  39.7 weeks Civilian employment-population ratio:  58.4%   Source:  St. Louis Fed/FRED. Graph of the Day Archive.(Read Full Post)

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