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Change in US Employment Recession/Recovery

Posted By Barry Ritholtz On March 31, 2010 @ 2:45 pm In Data Analysis,Employment | Comments Disabled

If you found the prior post on Employment too cheerful, well, have a gander at these charts, courtesy of  The Federal Reserve Bank of Minneapolis [1] by way of Jim Picerno’s Capital Spectator [2].

This is a fascinating look at where in each post war recession the recovery can be marked as beginning.

Have a look at the bottom chart; If the 2007-09 Recession end up being anything like the 2001 recession, we are still 4 or 5 years away from a full jobs recovery back to employment levels prior to the crash.

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The Recession and Recovery in Perspective

click for interactive version
[1]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2010/03/change-in-us-employment-recession/

URLs in this post:

[1] The Federal Reserve Bank of Minneapolis: http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/

[2] Capital Spectator: http://www.capitalspectator.com/archives/2010/03/will_good_frida.html

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