Monday, February 9, 2009

Jobless Rate Compared to Prior recessions

Time Magazine has published a chart that Nancy Pelosi's office had put together to show the rate of job losses for the past 6 recessions.

It looks like the percent of job lost should surpass the 1981 recession in a few more months. I also believe that if you would take into account the broader unemployment rate (including people working part-time while wanting full time work---This chart would show that the current recession is worse than any we've seen in the last 30 years.

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