PrintSeptember 5, 2010
Graph of the Day for September 5, 2010
"Now, the month I took office, we were losing 750,000 jobs a month. This morning, new figures show the economy produced 67,000 private sector jobs in August -- the eighth consecutive month of private job growth. Additionally, the numbers for July were revised upward to 107,000. Now, that's positive news, and it reflects the steps we've already taken to break the back of this recession." President Obama, September 3, 2010.
Hoven's Index for September 5, 2010
Non-farm jobs in December 2007 (peak): 137,951,000
In December 2009 (lowest point of recession): 129,588,000
In August 2010 (most recent): 130,311,000
Private sector jobs in Dec. 2007 (peak): 115,574,000
In Dec. 2009 (lowest point): 107,107,000
In August 2010: 107,870,000
Source: St. Louis Fed/FRED, PAYEMS and USPRIV series.
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