Graph of the Day for November 9, 2009

"If we don't act swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment."

President-elect Obama, January 2009.       

"... a full accounting of jobs created or saved thus far... yields estimates ranging from around 600,000 to 1.5 million... we are solidly on track to meet our goal of 3.5 million jobs saved or created by the end of next year."

Office of the Vice President, October 2009. 

Sources:  Innocent Bystanders[blurry type and all]

Hoven's Index for November 9, 2009

Jobs lost since Barack Obama became President:  4.226 million.

Number of consecutive months of job losses in the first 10 months of 2009:  10.

Source: St. Louis Fed/FRED, PAYEMS series. 

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