Sunday, February 8, 2009

Random chart...

Issued by the office of the Speaker of the House of Representatives, this chart shows the number of job losses following the start of "recent" recessions. Some 3.6 million jobs have been lost since the beginning of the current recession in December 2007. Presumably the two comparisons provided were chosen to emphasize the extent of the current downturn, one wonders how this would look compared to other earlier recessions e.g. '80-'82 or '73-'75... The 1990 recession was fairly "shallow" and "hit bottom" in 13 months, while it took 31 months for the 2000 recession to hit bottom. We're at 13 months and counting, possibly a long way to go...

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