Wednesday, October 7, 2009

Job Loss as a Percentage Comparison to Past Economic Downturns

A visual representation of exactly how bad our current job losses are compared to past economic downturns. It is as bad as it has been since the Great Depression, and there is not indication of a turn around or recovery yet.

"It's now official: The country has lost more jobs as a percentage of peak employment than any time since the Great Depression.

This includes the recessions of the early 1980s, even when they are combined.

(Click to zoom)

...regardless of what the jobs recovery eventually looks like, it hasn't started yet

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