Saturday, March 7, 2009

The Chart


Good lord. Via Think Progress.

In February, employers cut 651,000 jobs , and the national unemployment rate soared to 8.1 percent — the worst since December 1983. The Gavel provides a graph comparing recent job losses to the 1990-1991 and 2001 recessions, showing just how dire the economic situation is today:

By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

blog comments powered by Disqus

Recent Posts