America's Choice 2012

Election Economy: A Cheat Sheet

By Tami Luhby

  • Jobs
  • Unemployment
    7.9%
    October
    2012
    Jan. 2009: 7.8%
    Peak in Oct. 2009: 10%
    story source
  • Jobs gained
    194k
    since
    January 2009 *
    Jobs lost in 2009: 4.3 million
    Jobs gained back since: 4.5 million
    story source
  • Long-term unemployment
    5M
    out of work
    for 6 months or longer
    January 2009: 2.7 million
    story source
  • Manufacturing jobs
    -586k
    change since
    January 2009
    Added since
    January 2010: 508,000
    story source
  • Economy
  • Economic growth
    2%
    GDP growth in Q2 2012
    Q1 2009: - 5.3%
    story source
  • Income
    -7.2%
    change in median house-
    hold income since 1/2009
    2011: $50,054
    2001: $53,645
    story source
  • Housing
  • Home prices
    1.5%
    change since Q1 2009
    Median home price: $181,000
    5-year decline: 21.5%
    story source
  • Foreclosures
    1.5M
    homes in foreclosure
    as of September 2012
    Foreclosures since 1/2009: 3.3 million
    Homes saved by HAMP: 831,661
    story source
  • Safety Net
  • Food Stamps
    46.7M
    on food stamps
    in July 2012
    Increase under G.W. Bush: 63%
    Increase under Obama: 46%
    story source
  • Medicaid
    46M
    on Medicaid in June 2011
    31.7 million in June 2000
    43.6 million in June 2008
    story source
  • Debt/Deficit
  • Deficit
    $1.1T
    in fiscal 2012
    4th straight year of $1 trillion-plus deficits
    Highest since 1947
    story source
  • Debt
    $16.2T
    and growing
    Growth since Sept. 2008: $6.1 trillion
    When we'll hit the debt ceiling: Year end
    story source
* includes nonfarm payrolls, plus preliminary benchmark revision through March 2012.



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