my predecessor christie romer pointed out the stock market fall in 2009 was similar to the fall of 2008. but the home prices were considerably larger as a result five times larger at the onset of the great recession as the onset of the great depression. we have also documented ways that the shock was worse. while we are still digging out there is no question a great deal of progress. adding 2.4 million jobs marks the third consecutive year of job growth from february 2010 private employment has risen in 47 consecutive months for a total of 8.5 million jobs. we think of the ups and downs with the employment data. you can see steady consistent job growth at a pace of about 190,000 private sector jobs didn't november december the resawed job growth faster than that pays. december and january it did not come up to that average for a variety of things whether the whether seasonal factors or normal boy is sid measurements that bounces around from month to month with that moving average has barely changed. with that volatility of jobs numbers is very much in line with the magnitude of that pro

my predecessor christie romer pointed out the stock market fall in 2009 was similar to the fall of 2008. but the home prices were considerably larger as a result five times larger at the onset of the great recession as the onset of the great depression. we have also documented ways that the shock was worse. while