Monday, August 31, 2009

Update on Obama economics

How's this for six months of progress under Obama? For the doubters, see the sources cited below. (HT to Jared Bernstein for consolidating the stats)

Indicators
Then
Now
Real GDP (1)
-6.4%
-1.0%
Job Losses (2)
-741,000
-247,000
Industrial Production (3)
-2.2%
0.5%
Home Prices (4)
-2.1%
0.7%
New Home Sales (5)
-10.2%
9.6%
Consumer Confidence (6)
37.4
54.1


1: Real annual growth rates, 2009q1 and 2009q2
2: Payroll employment declines from January 2009 and July 2009.
3: Monthly percent change, Jan 09 and July 09
4: Case-Schiller, monthly percent change, Jan 09 and June 09
5: Monthly percent change, Jan 09 and July 09
6: Conference Board Index, 1985=100, Jan 09 and Aug 09

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