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Analyzing the 2009 Economic Turnaround: Growth and Employment Trends

This analysis explores the economic recovery post-2009, examining national income, quarterly GDP growth, and monthly GDP levels. It highlights the four-quarter growth of GDP alongside employment trends, including job losses and gains in the private sector. Authored by Jeffrey Frankel from Harvard Kennedy School, this piece serves as a background for an upcoming Project Syndicate op-ed, providing insights into the aftermath of the recession and the impact of President Obama's inauguration on economic recovery.

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Analyzing the 2009 Economic Turnaround: Growth and Employment Trends

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  1. The 2009 Economic Turnaround • National income • Quarterly growth in GDP • Monthly level of GDP • Four-quarter growth of GDP • Employment • Job loss and gain, total, monthly • Job loss and gain, private sector, monthly Jeffrey Frankel, Harvard Kennedy School, Feb. 6, 2012 Background for forthcoming Project Syndicate op-ed

  2. Figure 1 Data Source: BEA, US Department of Commerce End of recession

  3. Figure 2 Source: Macroeconomic Advisers www.macroadvisers.com Obama Inauguration End of recession

  4. Figure 3 Data Source: BEA, US Department of Commerce

  5. Figure 4 Data Source: U.S. Bureau of Labor Statistics President Obama is inaugurated End of recession

  6. Figure 5 Data Source: U.S. Bureau of Labor Statistics

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