By JR on Monday, September 05, 2011
It's jobs day, so of course today's CHART OF THE DAY is the latest update of this classic, which we've dubbed The Scariest Jobs Chart Ever.
What the chart (made by Calculated Risk) shows is the trajectory of job losses and gains during the great recession, compared to previous recessions.
So as you can see, the depth of the decline was much worse than any other recession, and what's more, the pace of the recovery is much weaker than in previous ones. Over a year it was looking as though the recovery might be kind of V-Shaped (a really big, wide V), but now it's clear that the comeback won't look anything like the decline. And now the comeback is basically flatlining. Yeah, scary.