This blog will provide commentary on the intersection of financial and political decision-making. However, the blog may also contain, from time to time, random thoughts which quite often may have no point whatsoever.
Thursday, February 9, 2012
A Reminder of How Deep This Job Losses Hole Was (and Still Is)
Source: Bureau of Labor Statistics.
In the Great Recession of 2007 and the years following, the United
States has lost more jobs than in any other
recession in the last 70 years — and jobs have been slower to return.
axis shows months. Vertical axis shows the ratio of that month’s nonfarm
payrolls to the nonfarm payrolls at the start of recession. Note: Because
employment is a lagging indicator, the dates for these employment trends are
not exactly synchronized with National Bureau of Economic Research’s official
business cycle dates.)