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PrintJuly 2, 2010
Graph of the Day for July 2, 2010
"But when I was sworn in, we were losing 750,000 jobs a month. Every -- each month, we were losing 750,000 jobs. The economy was shrinking at 6 percent. It was contracting by 6 percentage points. That's faster than it had in decades. Today, it's growing again. Today, we've added private sector jobs for five months in a row. (Applause.)" President Obama, June 30, 2010.
Data source: St. Louis Fed/FRED, ICSA series (initial jobless claims, seasonally adjusted) through June 26, 2010.
Hoven's Index for July 2, 2010
Trends (linear regression) in initial jobless claims (extra new claims/week):
Through 2009 (12/27/08-12/26/09): -2,572/wk
Since February 6, 2010 (last 20 weeks): +232/wk
Last 16 weeks: +1,059/wk
Last 8 weeks: +2,383
Last 4 weeks: +2,600
Last week: +13,000
Data source: St. Louis Fed/FRED, ICSA series (initial jobless claims, seasonally adjusted) through June 26, 2010.
Graph of the Day Archive.
