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Willisms

« Revolutionizing Revolution. | WILLisms.com | Quotational Therapy: Part 36-- Federalist Papers. »

Trivia Tidbit Of The Day: Part 139 -- Jobs.

Jobs-

recordjobs.gif

Source:

OpinionJournal.com.

In the past 24 months 3.5 million more Americans have found work, which is the equivalent of a new job for every worker in the entire state of Indiana. Every single job that was lost during the bursting of the technology bubble and stock market collapse of 2000-01 has been matched by a new job, often in a new industry. As the nearby chart shows, the bottom of the jobs recession hit in mid-2003--and the recovery began at the very point that the Bush marginal-rate tax cuts were enacted into law.
-------------------------------------

Previous Trivia Tidbit: Research & Development.

Posted by Will Franklin · 15 August 2005 10:22 AM

Comments

Interesting choice of scale on the graph. It makes an increase from 130 to 134 look like a mountain.

Beyond that, is the tax cut the only event to be noted? War economy?

Posted by: odograph at August 15, 2005 10:45 AM

Not that interesting, really.

During much of 2004, we heard, again and again, that Bush had "lost 3 million jobs."

And pundits and politicians STILL say things like that today.

Well, this graph just shows that jobs, after falling off beginning in 2001, have come back in a big way. If you want a bunch of wasted space in your graphs, that's your choice. But I prefer more meaningful visual data.

Posted by: Will Franklin at August 15, 2005 10:53 AM

http://www.math.yorku.ca/SCS/Gallery/lie-factor.html

Posted by: odograph at August 15, 2005 01:21 PM

No offense, but that's really a lame link, as it's totally irrelevant to the graph I posted.

Posted by: Will Franklin at August 15, 2005 02:05 PM

I was in a hurry ;-). Now that I'm back from my most excellent bike ride I'll find the one I really wanted ...

http://www.amazon.com/exec/obidos/tg/detail/-/096139210X/104-4023798-7082318?v=glance

Have you ever read (or flipped through) that one?

There are ways to communicate the true picture. I think the "big valley and recovery" you see in the Bureau of Labor Statistics graph grabs you in just the way they intended. It looks much bigger than it is, and the convenient line for "Bush Tax Cut" looks like a trigger.

A line drawn for "2003 invasion of Iraq" would also force a certain perspective on that recovery, but for some reason that line was not the one drawn.

Posted by: odograph at August 15, 2005 05:50 PM