Results 1 to 2 of 2
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Threaded View
-
01-11-2010, 09:21 AM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Jobs Chart: 8 million Jobs lost, worst since the Great Depre
To date in this recession, we've lost more than 8 million jobs. The decline as a percentage of the workforce is the worst since the Great Depression
The Scariest Jobs Chart Ever
Henry Blodget | Jan. 10, 2010, 5:18 PM | 6,689 | comment 33
This chart from Calculated Risk shows the decline in jobs as a percentage of the work force at the peak.
To date in this recession, we’ve lost more than 8 million jobs. The decline as a percentage of the workforce is the worst since the Great Depression, matching the sharp but short drop in 1948, as the war machine wound down.
Equally important, the duration of these job losses, as well as the lack of a sharp recovery (at least so far), suggests that the problem will be with us for a long while. We’re now 24 months into this decline, and we’re still at the bottom. By this point in most previous recessions, we had already recovered all of the lost jobs.
Here's Calculated Risk: http://www.calculatedriskblog.com/2010/ ... ad_10.html
This graph shows the job losses from the start of the employment recession, in percentage terms (as opposed to the number of jobs lost). The current employment recession is the worst recession since WWII in percentage terms, and 2nd worst in terms of the unemployment rate (only early '80s recession with a peak of 10.8 percent was worse).
Note: The total jobs lost does not include the annual benchmark payroll revision that will be announced on February 5, 2010. The preliminary estimate is for a downward revision of 824,000 jobs - pushing the total jobs lost over 8 million.
http://www.businessinsider.com/henry-bl ... ver-2010-1Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
2 foreign nationals in ICE custody after alleged attempted...
05-18-2024, 07:35 AM in General Discussion