"So this bill is not only about the health security of America. It's about jobs. In its life it will create four million jobs - 400,000 almost immediately." Then House Speaker Nancy Pelosi at the Health Care Summit, February 2010.
Source: Heritage Foundation.
Hoven's Index for July 21, 2011
Private sector job growth over the 42 months following the beginning of each post-WWII recession:
1948: up 2.6 million (+6.7%)
1953: up 1.7 million (+3.9%)
1957: down 0.4 million (-0.9%)
1960: up 1.5 million (+3.3%)
1969: up 4.3 million (+7.2%)
1973: up 3.1 million (+4.8%)
1980: down 0.2 million (-0.2%)
1981: up 4.6 million (+6.1%)
1990: up 2.1 million (+2.3%)
2001: down 1.4 million (-1.3%)
2007: down 6.7 million (-5.8%)
Source: St. Louis Fed/FRED (USREC and USPRIV series) and author's calculations.
Graph of the Day Archive.
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