Graph of the Day for August 23, 2010

"This summer is sure to be a Summer of Economic Recovery."  The White House, June 17, 2010.

"We're on the right track.  The economy is getting stronger, but it really suffered a big trauma.  And we're not going to get all 8 million jobs that were lost back overnight.  It's going to take some time."  President Obama, August 18, 2010.

Weekly Initial Jobless Claims (seasonally adjusted)

Source:  St. Louis Fed/FRED, ICSA series (through Aug. 14, 2010).

Hoven's Index for August 23, 2010

Trends (linear regression slope) in initial jobless claims (extra claims per week):

Since the end of 2009:  +89/wk

Last 26 weeks:  +463/wk

Last 13 weeks:  +1,481/wk

Last 8 weeks:  +4,733/wk

Last 4 weeks:  +9,200/wk

Last week:  +12,000/wk

Data source:  St. Louis Fed/FRED, ICSA series through Aug. 14, 2010.  (Excel "Slope" function used to calculate trends.)

Graph of the Day Archive.