Reality Check...

Subject: txt mny =

"Important headwinds... likely will prevent the expansion from being as robust as we would hope... Overall a number of factors suggest that employment gains may be modest during the early stages of the expansion."

Federal Reserve Chairman Ben Bernanke.

Number of Jobs (non-farm) in the US Economy

Source: St. Louis Fed, PAYEMS series.

Jobs lost from December 2007 (start of recession) to December 2008: 3.078 million.

Jobs lost from December 2008 to October 2009: 4.226 million.

Jobs lost from June 2009 to October 2009 (when GDP grew): 867,000.

Most recent month in which there were job gains: December 2007 (22 months ago).

Source: St. Louis Fed, PAYEMS series.
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