Graph for the Day for January 9, 2011

"But the trend is clear.  We saw 12 straight months of private sector job growth.  That's the first time that's been true since 2006.  The economy added 1.3 million jobs last year.  And each quarter was stronger than the previous quarter, which means that the pace of hiring is beginning to pick up.  We're also seeing more optimistic economic forecasts for the year ahead, in part due to the package of tax cuts I signed last month..."  President Obama, January 7, 2011.Sources:  Geoff, via Ace, and the St. Louis Fed/FRED.Hoven's Index for January 9, 2011Number of non-farm jobs added in 2010 (Dec 2009 to Dec 2010):  1,124,000 In 2004:  2,047,000In 2005:  2,496,000In 2006:  2,060,000Years to reach previous peak number of jobs, at 2010 pace:  6.4 (May 2017)Source:  St. Louis Fed/FRED.Graph of the Day Archive.(Read Full Post)