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/

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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

Category: Digital Media, Employment

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Job Losses in Recent Downturns”

  1. polit2k says:

    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/

  2. Steve Barry says:

    I assume these numbers are really even worse due to the criminal birth/death model.

  3. Init4good says:

    Hoping the drop today is the absolute bottom….that would mean another 4-6 months before we start heading backup in a meaningful way.