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June 3, 2010

Graph of the Day for June 3, 2010

By Randall Hoven

"... despite temporary setbacks, uncertain world events, and the resulting ups and downs of the market, this economy is getting stronger by the day."  President Obama, June 2, 2010.

Average and Median Duration of Unemployment




Source:  St. Louis Fed/FRED, UEMPMEAN and UEMPMED series.


Hoven's Index for June 3, 2010


Average duration of unemployment:

June 1984 (peak of the 80s):  20.8 weeks

January 2009 (Obama inaugurated):  19.9 weeks

April 2009 (new record high at the time):  21.8 weeks

April 2010 (most recent and highest ever):  33.0 weeks

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


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