Saturday, February 07, 2009

How bad is it?


Actual job losses to date, these are not projections.*

This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession -- showing how dramatic and unprecedented the job loss over the last 13 months has been. Over the last 13 months, our economy has lost a total of 3.6 million jobs – and continuing job losses in the next few months are predicted.

By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

*Bureau of Labor Statistics.

1 Comments:

Blogger Susan said...

Posted the same chart in my tumblr blog--http://susanmernit.tumblr.com/post/78091692/random-foo

(also have susanmernit.com)

7:21 PM  

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