Job Losses

Business Insider is calling it The Scariest Jobs Chart Ever, and they may be right.  Calculated Risk, a finance and economics blog, produced the chart, which shows the depth and duration of the current recession in terms of job losses, and it’s not a pretty picture.  When compared to every other employment recession since World War II, the current one is both far more severe and longer lasting.  The previous ones have usually lasted about two years or less.  2001 was longer at about four years.  But our current dip in jobs has now hit the five year mark, and we’re no where close to recovered.  Things do appear to be getting a bit better, but the road ahead looks long.  And that is scary.

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