Commonground
Senior Moderator
Excerpt:
Source: Bureau of Labor Statistics
Horizontal axis shows months. Vertical axis shows the ratio of that month?s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research?s official business cycle dates.
-snip-
The chart above shows job losses in this recession compared to other recent ones; the blue line represents the current downturn. Since the recession began in December 2007, the economy has had a net loss of about 6.1 percent of its nonfarm payroll jobs. Many economists have concluded that the recession technically ended last summer even though the job market has not picked up since then.
-snip-
http://economix.blogs.nytimes.com/2010/03/05/comparing-this-recession-to-previous-ones-job-losses-8/
Source: Bureau of Labor Statistics
Horizontal axis shows months. Vertical axis shows the ratio of that month?s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research?s official business cycle dates.
-snip-
The chart above shows job losses in this recession compared to other recent ones; the blue line represents the current downturn. Since the recession began in December 2007, the economy has had a net loss of about 6.1 percent of its nonfarm payroll jobs. Many economists have concluded that the recession technically ended last summer even though the job market has not picked up since then.
-snip-
http://economix.blogs.nytimes.com/2010/03/05/comparing-this-recession-to-previous-ones-job-losses-8/