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May 25, 2010

Graph of the Day for May 25, 2010

By Randall Hoven

"A year ago, we took significant action to jumpstart economic growth and job creation.  That action included making investments in sectors with the greatest potential for private sector job growth -- areas like clean energy and infrastructure."  President Obama, May 18, 2010. 

Most recent 12 weeks of initial unemployment claims (with 12-week trend line)


Data source:  St. Louis Fed/FRED, ICSA series.


Hoven's Index for May 25, 2010


Manufacturing jobs, Dec. 1979:  19,301,000  

Manufacturing jobs, Dec. 2009:  11,534,000  

Government jobs, Dec. 1979:  16,180,000  

Government jobs, Dec. 2009:  22,481,000  

Most recent year prior to 2009 with fewer than 12 million manufacturing jobs:  1946

Source:  St. Louis Fed/FRED, MANEMP and USGOVT series.


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