DECEMBER 2009 | FIG. 2. A FALSE DAWN FOR THE JOB MARKET

The government’s report that the economy lost just 11,000 jobs in November 2009 leads Obama and his team to hope for a rapid rebound.

“My chief economist, Christy Romer, she got about four hugs ...”

Change since Dec. 2008

+212 ↑ S&P 500-stock index

-5.06m ↓ Payrolls

-16 points ↓ Obama approval

+6 points ↑ Consumer comfort

+21,000 ↑ Housing starts rate

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