This graph compares job losses (by percentage of pre-recession employment) for all recessions since the end of the Second World War
I suppose things could turn around as they did in `48, where a steep trend down was abruptly reversed, but I'm not knowledgeable enough to see how that would happen this time. I know folks who are optimistic, but I'm not seeing the evidence to support that optimism.
Tuesday, April 7, 2009
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