Graph of the Day for July 11, 2010

By Randall Hoven

"I want to recognize Chairman Barney Frank for his management of this bill as well as Speaker Nancy Pelosi, Majority Leader Steny Hoyer, Chairman Sandy Levin, and Chairwoman Nydia Velázquez for their efforts on behalf of America's small businesses." President Obama, June 17, 2010.

"For the recovery to gain steam, most economists believe small businesses need to be strong enough to hire new workers. But according to one measure, the employment picture in this sector is weakening. Intuit Inc., which provides payroll services for small employers, says the nation's tiniest companies had fewer new hires last month than any time since October... Another payroll company, Automatic Data Processing Inc., painted an even gloomier picture, saying that small businesses lost 1,000 jobs nationwide in June." Los Angeles Times, July 9, 2010.

Source: Intuit.

Hoven's Index for July 11, 2010

Unemployment rates in June 2010:

16-17 year-old males: 32.8%

16-19 year-old males: 29.2%

20-24 year-old males: 17.8%

All men: 10.5%

All women: 8.3%

Overall: 9.5%

Source: Bureau of Labor Statistics.

Graph of the Day Archive.

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