Unemployment Update

I hate to spoil your day but I came across this great piece of analysis at the Calculated Risk Blog.

JoblossPercentJune2009

To quote the blog:

“This graph shows the job losses from the start of the employment recession, in percentage terms (as opposed to the number of jobs lost).

The current recession is now the 2nd worst recession since WWII in percentage terms – and also in terms of the unemployment rate (only early ’80s recession was worse). ”

Should we form a pool on when this one will end?

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