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On Jobs Front, This is the Worst Recession Since World War Two
October 5, 2009 |
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This is a sad and fascinating graphic, courtesy of Calculated Risk:
Do click and enlarge -- as you can see, the loss of jobs we've experienced in the current downturn runs deeper than in any recession since World War II.
And it's not just the number of jobs that matters -- remember that the period following the 2001 recession was the first "recovery" in which median incomes never bounced back to what they'd been before.
Joshua Holland is an editor and senior writer at AlterNet.
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