Wednesday, May 15, 2013

Wall St. is Growing Twice as Fast as Jobs

The Dow is on a tear!

Here's the Dow Jones Industrial Average from January 2008 to the present, including yesterday's new record of 15,215:



The market has recovered from its pre-crash high of 12,000, surpassing it by 25%. 

And here's BLS' unemployment rate, from the same time period:


The job recovery is there: last month's 7.5% is the lowest its been in Obama's presidency. But we're still 50% below where we were pre-crash.