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No end in sight to U.S. economic crisis as ‘scariest jobs chart ever’ shows post-recession unemployment is at its worst since World War Two

UK Daily Mail [1]
Dec 6, 2010

As unemployment in the U.S. nears the dreaded 10 per cent mark, it is a chart to chill the bones of any job hunter.

Comparing previous recoveries from all 10 American recessions since 1948 to the current financial crisis, the stark figures show almost no improvement in employment figures in the past year.

Some commentators have described the comparison as ‘the scariest jobs chart ever’, pointing to the fact that only the 2001 recession took longer to bring employment back to pre-crisis levels.

Number of months after peak employment

Number of months after peak employment

Even then, the total percentage of jobs lost bottomed out at two per cent, compared with six per cent this time round.

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Full article here [1]