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.