Graph for the Day for July 21, 2011

"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.(Read Full Post)

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