Saturday, December 04, 2010

Employment Graph Repeat

by Calculated Risk on 12/04/2010 11:50:00 AM

A repeat of a key graph ...

Percent Job Losses During RecessionsClick on graph for larger image.

This graph shows the job losses from the start of the employment recession, in percentage terms.

The dotted line shows payroll employment excluding temporary Census workers.

This is by far the worst post WWII employment recession.

Percent Job Losses During RecessionsThis second graph shows the same information aligned at maximum job losses.

Not only is this the deepest post WWII recession in terms of payroll job losses, but the recovery is very sluggish. I'll have more on employment later today ...

Employment posts yesterday:
November Employment Report: 39,000 Jobs, 9.8% Unemployment Rate
Employment Summary and Part Time Workers, Unemployed over 26 Weeks
Seasonal Retail Hiring: Retailers remain cautious
Graphics Gallery for Employment