Monday, December 6, 2010

Percent Job Losses in Post-WWII Recessions

EmploymentRecessionsAlignedNov
 
From Calculated Risk, this graph "shows the job losses from the start of the employment recession, in percentage terms aligned at maximum job losses. For the current employment recession, employment peaked in December 2007, and this recession is by far the worst recession since WWII in percentage terms, and 2nd worst in terms of the unemployment rate (only the early '80s recession with a peak of 10.8 percent was worse)."

The current recession is in red.

Hat tip: Carol Furnish.

rb

https://lawprofessors.typepad.com/laborprof_blog/2010/12/from-calculated-risk-this-graph-shows-the-job-losses-from-the-start-of-the-employment-recession-in-percentage-terms-aligne.html

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