06 April 2009

Job losses in recessions


Res ipse loquitur. (Credit)

Addendum: Please note that this is an update to the chart presented in February by FiveThirtyEight. The curve for the current recession now drops much lower.

4 comments:

  1. On the positive side... we always recover!

    On the negative side... even assuming the line for this recession were about bottomed out, it still looks like another 40-50 months until full recovery (based on that chart alone)

    ReplyDelete
  2. I thought this looked familiar when I first saw it...

    Political/statistical blog FiveThirtyEight ran a great post a couple months ago about how this graph means we're probably in for a longer recession.

    http://www.fivethirtyeight.com/2009/02/why-were-probably-in-for-long-recession.html

    ReplyDelete
  3. Yeah, if you watch PBS News Hour with Jim Lehrer, they talk about job losses at least once a week.

    I tried to get rehired for 8 months, then my sister-in-law helped me apply and get into school. I've been in school since October and I'm staying for now. The better degree I graduate with, the better job I'll get.

    ReplyDelete
  4. Jay C - Please note this is an update of the chart you saw earlier. On the original, which predicted a long recession, the curve for the current dip was in with the others; now it has dropped way below the previous ones.

    ReplyDelete

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