Graph for the Day for August 6, 2011

"With everything else he has on his plate, his laser focus has been jobs, jobs, jobs, jobs."  Vice President Joe Biden, December 2009. 

"I think we are past the crisis point in the economy, but we now have to pivot and focus on jobs and growth." President Obama, December 2010.

"I want to announce that the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and will avoid default. It will allow us to turn to the very important business of doing everything we can to create jobs."  President Obama, July 31, 2011.

"The White House doesn't create jobs." White House Spokesman Jay Carney, August 4, 2011.

"Just left the Presidents birthday party at the White House. Herbie Hancock played, Stevie Wonder sang and yes they did the electric slide. A great night." Chris Rock, August 5, 2011.



Sources:  Geoff via AoSHQ, and the St. Louis Fed/FRED.


Hoven's Index for August 6, 2011


Average unemployment rate during Clinton presidency (Jan 93 through Dec 00):  5.20%

Average during Bush presidency (Jan 01 through Dec 08):  5.27%

Average during Obama presidency (Jan 09 through Jul 11):  9.35%

Unemployment rate as of July 2011:  9.1%

Maximum number unemployed over 26 weeks during Bush:  2.6 million

During Obama:  6.7 million

Number unemployed over 26 weeks as of July 2011:  6.2 million

Source:  St. Louis Fed/FRED: UNRATE, UEMP27OV series.

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