Monday, April 5, 2010

Job losses

If you have never visited , you should check it out. The folks who write this are smart and always provide great data. The graph above is on their site and shows unemployment in percentage terms (vs. number of jobs lost). As you can see, this recession is worse than any other since the Great Depression in percentage terms (that is, percentage of jobs lost). The only good news is that it looks like we have bottomed out in job losses. The speed at which we recover is best left to the professionals. Personally, I think it's a slow recovery for jobs.

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