Job Losses in Recent Downturns
Why does this chart look so familiar . . .?
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via NYT
Oh, thats why:
Job Losses: Comparing Recessions (February 7th, 2009)
http://www.ritholtz.com/blog/2009/02/job-losses-comparing-recessions/
Post WWII Recession Job Recoveries (Months) (February 9th, 2009)
http://www.ritholtz.com/blog/2009/02/post-wwii-recession-job-recoveries-months/
Job Losses in Post WWII Recessions (February 9th, 2009)
http://www.ritholtz.com/blog/2009/02/job-losses-in-post-wwii-recessions/
Household Employment from Peak (February 9th, 2009)
http://www.ritholtz.com/blog/2009/02/household-employment-from-peak/
>
Source:
Job Losses Hint at Vast Remaking of Economy
PETER S. GOODMAN and JACK HEALY
NYT, March 6, 2009
http://www.nytimes.com/2009/03/07/business/economy/07jobs.html


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March 7th, 2009 at 10:31 am
Making Some Sense of Unemployment and the Markets
A lot of silly things are being said, daily, about what various parameters really mean, how they should be interpreted (usually as a political litmus test), etc. Almost all of this is silly talk. Meanwhile, the most important of these figures, unemployment, continues to climb by any measure, in the U.S. and abroad. …
more: http://www.tapsns.com/blog/index.php/2009/03/making-some-sense-of-unemployment-and-the-markets/
March 7th, 2009 at 12:15 pm
I assume these numbers are really even worse due to the criminal birth/death model.
March 7th, 2009 at 12:23 pm
Hoping the drop today is the absolute bottom….that would mean another 4-6 months before we start heading backup in a meaningful way.