1929 Versus 2007: Employment Change

September 8, 2009 9:15am by Barry Ritholtz

This chart makes it pretty clear that the current recession is no Depression:

Data from 1929 is not seasonally adjusted, Current 2007 data is SAAR.

UPDATE September 9, 2009

Mish disagrees with my assessment:

Depression Debate – Is this a Depression?

Sources:
NBER Database
http://www.nber.org/databases/macrohistory/contents/chapter08.html

NBER History
http://www.nber.org/macrohistory/

Hat tip Rob

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