Monthly job losses under President Bush and President Obama.
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| Click to image enlarge |
Note that the reversal of the number of monthly job losses once President Obama took office.
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The affect of the recession on loss and recovery of jobs has been like none previous. This chart shows the % of job losses relative to peak employment, and the number of months after peak employment.
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| Click to image enlarge |
Note the position of job coming out of this recession compared to 1948 - The Great Depression. This is why a federal stimulus was needed. To have done nothing would have been shirking responsibility.
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