Take the derivative, the peak job losses are right around Oct. 2008. Which makes sense, businesses shedding jobs in anticipation of an increasingly hostile business environment.
Or one could say that as soon as he was elected, businesses felt a bit more optimistic, so they stopped laying off as fast as they were under President Bush.
And I think that’s what happened, and in typical recessions, there would be a turnaround and things would improve. But President Obama threw a monkey wrench in, and so the upturn has been sabotaged.
Still, don’t be too sure we’re not seeing a real improvement. I think there’s some improvement, despite his best efforts. Don’t think that means things are getting much better, though! I’m sure there will be many more layoffs where I am employed, for example.