Friday, June 3, 2011

NY Times graph: Comparing Recessions and Recoveries

The Economix blog continues to visually depict economic circumstances, in this case job changes in 5 recent recessions. The graph in today's post proves the adage: a picture [graph] is worth a 1,000 words. The present economic downturn - call it recession or depression - has been severe compared to other recent downturns.

The Economix blog posts will typically remind the reader of the larger picture: "There are now 13.9 million workers who are looking for work and cannot find it; the figure nearly doubles if you include workers who are part-time but want to be employed full-time, and workers who want to work but have stopped looking."

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