Saturday, October 3, 2009

Job Loss Picture Bleak



From Business Insider


This chart shows that previous recessions ended with job recovery, some over a short period of time, some over a longer period of time.

The current decline shows a sharp loss of jobs, continuing. I am not sure if under-employment is represented. Most full-time workers have lost income from lack of overtime, etc.

It is likely that the continuing loss of jobs will have the effect of forcing even more job losses.

The best economic stimulus is a cut in taxes, but that has been shunned as a "GOP solution."