Saturday, February 13, 2010

Monthly Change in Payroll Employment (Graph)

Picture embedded below.


"The main purpose of the Economic Report is to tell us that the Obama administration is responsible for saving us from a depression, or something close to it. But this chart indicates that job losses bottomed out in January 2009, when President Obama was inaugurated, and were already receding by the time Congress enacted the "stimulus" bill the following month. Even as virtually none of the "stimulus" money was actually being spent, job losses continued to decline. The graph is about to go positive, as long as the government doesn't do anything overwhelmingly stupid to screw up the economy's inevitable recovery."

As interesting is viewing the chart and pondering a drop in the unemployment number. As mentioned in past posts on the unemployment number, the drop had more to do with people being discouraged and consequently no longer counted then an increase in actual employment.

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