Terrifying Numbers: A Look at the Econopocalypse
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The current recession that the United States economy finds itself in is, by far, dramatically worse than the recessions of 1990-91 and 2001. How much worse? The economy has lost 3.6 million jobs in the last 13 months. The Gavel compares these numbers to the two most recent recessions:
Faiz Shakir is the Research Director at the Center for American Progress and serves as Editor of ThinkProgress.org and The Progress Report.